Labour day has come and gone. Hope you guys are locked the fuck in. There’s only 3 months left to escape the permanent under-class before the AI overlords close in on us. The future ain’t friendly.

We told you back in July: American Eagle was about to print because Sydney Sweeney’s elite-tier rack is marketing alpha.

Fast forward to today: the company just reported blowout earnings and literally admitted that campaign was their best ever. Result? AEO stock is ripping 25% premarket.

That’s not a meme, that’s real dollars in accounts for anyone dumb enough to buy the “rack thesis” and hold. Sometimes the market really is that simple—eyeballs + narrative = cash. Respect the retard trade, because it just paid out like a slot machine.

We’re moving out of the smooth, trending environment and into chop city.

Leaders like NVDA don’t have that upfinity juice anymore, and you’re starting to see classic signs of a tired tape: failed breakouts that reverse instantly, weak follow-through on winners, mixed feedback on trades that should be clean, and a complete lack of new themes or hot industry groups sticking.

Breadth narrows, leaders stall, and traders pressing size get chopped to death. When you spot these conditions, the playbook is simple: cut size, trade less, and demand perfect A+ setups before deploying size.

Survival through chop is how you stay loaded for the next big cycle. Most blow-ups happen right here when traders don’t respect the tape.

The party’s over for the penny-stock IPO pipeline. NASDAQ just dropped new rules: minimum float raised to $15M, automatic de-listings if you slip under $5M market cap, and Chinese issuers forced to raise at least $25M at offering.

Meanwhile, Chinese exchanges are layering in their own speculation-curbing rules. Translation: the microcap casino is getting boarded up. This is the end of the era where every week some random biotech or fake EV company hit the tape for a quick pump.

The capital that used to chase those names? It’s going to flow up the food chain into bigger, liquid names—think BABA, BIDU, JD. Real liquidity attracts real money, and that’s where the action shifts.

US ADP Aug. Private Employment Rises +54K; Est. +65K. That’s a miss, and in this environment, misses matter.

The jobs market is slowing, and the Street knows it—rate cut odds for September are now basically locked in.

It’s becoming more and more apparent that Tariffs might not have been such a good idea after all. Cutting rates into Inflation sounds fun, what could go wrong?