Passive investing and closet indexers beware; the S&P 500 (SPY) signaled strong form NoGo trend conditions on the daily basis. Alex and Tyler look at how this has signaled some opportunities for active managers who have a tactical process for capturing outperformance, as leadership rotates through new sectors and down the cap scale.

• 00:00 Intro
• 00:20 S&P 500 ETF (SPY)
• 04:03 10-Year Treasury Yield ($TNX), US Dollar Index (UUP)
• 13:09 Chesapeake Energy (CHK), Matador Resources (MTDR), Vaalco Energy (EGY)
• 17:21 S&P 500 ETF (SPY), Belte Bio (BLTE), Jupiter Wellness (JUPW)
• 20:18 AN2 Therapeutics (ANTX), PepGen (PEPG)