ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!

Mega-cap tech has dominated markets in recent times. But what if that era is starting to shift?

In this episode of ITPM Flash, Raj Malhotra lays out the case for a meaningful capital rotation away from large-cap software — specifically into industrial metals. Hedge funds and mutual funds have not fully repositioned yet, but even a small reallocation out of trillion-dollar mega caps into much smaller commodity-focused stocks could create outsized moves.

Copper sits at the centre of this shift. Electric vehicles use multiples more copper than traditional cars. Power grid upgrades require it. Wind, solar and charging infrastructure depend on it. And AI data centres — now absorbing hundreds of billions in capital expenditure — are deeply copper intensive.

On the supply side, the picture is tight. New mines take nearly two decades to develop. Ore grades are declining. Major producers face disruption. All the while, even Wall Street may be underestimating how price-insensitive hyperscalers are as supply tightens further.

Raj explains why this may be the early stages of a structural leadership change in markets — and outlines an options structure designed to capture potential upside in Freeport-McMoRan if copper prices accelerate.

The rotation may just be beginning.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!

Industrial data is beginning to re-accelerate, and energy markets are taking notice.

In this ITPM Flash, Philip Klien examines the early signs of a potential offshore supercycle. The ISM Manufacturing index has moved back into expansion, with new orders leading the move higher — a signal that industrial demand may be turning. Crude has already strengthened year to date, but the more important shift may be happening in offshore supply.

Ultra-deepwater drillships are expensive, time-consuming to build, and new capacity is limited. As day rates rise through key thresholds, operating leverage increases sharply. At the same time, Transocean's all-stock acquisition of Valaris tightens industry supply further while improving balance sheet quality.

This episode breaks down the macro inflection, the structural supply constraints, and why consolidation may amplify pricing power — alongside the execution and regulatory risks traders need to consider.

If industrial momentum holds, offshore could move from recovery to repricing and $RIG is the leveraged play.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!

Precious metals and AI may be dominating headlines, but this week's asymmetrical opportunity sits somewhere very different.

In this ITPM Flash, Anthony Iser looks at an unexpected corner of the market: US egg producers. Wholesale egg prices have fallen sharply, production has rebounded, and the sector has been hit with heavy de-ratings. But beneath the surface, not all egg businesses are exposed in the same way.

This episode contrasts a highly cyclical, price-taking commodity producer with a branded, premium growth business that is far less sensitive to wholesale price swings. A combination of falling egg prices, negative headlines, and a one-off margin issue has driven a sharp sell-off, pushing valuations to levels not seen in years — despite very little change to the underlying earnings outlook.

With results approaching, the market may be mispricing earnings resilience and longer-term structural growth. Anthony explains why this setup represents a non-tech, asymmetric opportunity, and outlines an options structure designed to capture the upcoming catalyst with an attractive risk-reward profile.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!

Precious metals have started 2026 with explosive momentum. Gold, platinum, and silver are all surging — but stretched valuations and increasingly parabolic price action raise important questions about what comes next.

At the same time, a different pressure is quietly building in the US economy: electricity. Rising power costs, driven in part by the rapid expansion of AI data centers, are becoming a political issue — with potential consequences for how the AI trade evolves from here.

In this episode, Jason McDonald explains why power grid infrastructure may offer a cleaner and more durable way to express the AI theme than chips or data centers themselves.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!

The market is selling SaaS indiscriminately — and AI fear is driving the narrative.

In this episode of ITPM Flash, Dieter breaks down why not all SaaS is exposed to AI in the same way, and how the current selloff is confusing white-collar software with software built for the physical economy.

He focuses on ServiceTitan, a SaaS platform serving the trades industry, and explains why its customers can't simply replace it with AI agents or in-house tools. When software is embedded in dispatch, payroll, inventory, and payments, switching isn't trivial — and AI doesn't change that.

The result? A business with high switching costs, sticky demand, and a long growth runway that's being sold off alongside far more vulnerable SaaS models.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!

Rising geopolitical tensions are reshaping the macro environment and creating new tradeable opportunities across global markets. In this episode, Ben Berggreen outlines a top-down trading approach, starting with macro and geopolitical developments, filtering into sector rotation, and identifying where capital is likely to move as narratives shift. Following the capture of Venezuela's president, markets have reacted unevenly, but for traders the focus is on how geopolitical risk, defense spending, and global instability translate into medium-term positioning rather than political debate.

Ben explains why defense stocks moved immediately into focus and why smaller, innovation-driven defense companies can offer more asymmetric setups than large-cap incumbents. He then breaks down a bullish options trade in AeroVironment ($AVAV), discussing how military contracts, Department of Defense spending, earnings timing, and volatility shape the risk-reward. The episode focuses on defined-risk options strategies, flexibility around earnings, and managing outcomes as price action develops.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!

The K-shaped economy is widening — and markets are still pricing only the winners. In this episode, Ed breaks down why the AI-driven data-center supercycle has become a macro force, propping up growth, earnings, and asset prices while masking deepening stress in the real economy. With the top 10% now driving half of all discretionary spending, the system is increasingly dependent on rising asset values rather than wage growth.

Ed argues the real risk isn't inflation — it's consumer spending. As AI boosts productivity without job growth, anxiety around employment could tip the lower arm of the K into contraction, triggering credit stress, falling discretionary demand, and a negative wealth effect that eventually hits equities. He outlines how traders should position for volatility, where patience matters most, and which macro triggers would signal when the K-shaped economy finally breaks.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!

Apparel stocks have been left behind as consumer preferences shift and discretionary spending remains under pressure. Philip Klein turns to VF Corporation ($VFC), a former market leader whose shares collapsed from triple digits as brand missteps, rising debt, and weakening demand hit the business.

He walks through what went wrong — from the overpaid Supreme acquisition to Vans losing relevance — and what has started to change under new CEO Bracken Darrell. With costs coming down, debt being reduced, insider buying signalling confidence, and early signs of stabilisation across key brands, the episode explores this turnaround story and presents a high reward options structure for 2026.