PPI is still hot, and rate hikes are still on the table, but the market is all green today. VIX dropped nearly 10% in a day, now at 16. What ran off yesterday got pulled back today. Panic only lasts a day. I said yesterday that only after a full dip would there be bargains. It didn’t give me bargains—just V-ed right back up. I changed my mind, chasing now. I’m treating this wave as a short squeeze. Even a short squeeze can push higher. Before next week’s Fed meeting, I’m betting it’s not done yet. SPY is now at 764. AVGO held up yesterday, but only rose half a point today. Rotation and catch-up gains haven’t reached it yet. When it’s AVGO’s turn, this wave will feel real. If SPY pulls back to 760, I’ll add a position. If it breaks below 758, I’ll admit I was wrong and exit.