Tim Knight: The Relief Rally Is Already Spent, and Earnings Loom.

The relief rally showed up, but Tim Knight says it is already spent, one pop on weekend headlines and nothing more, while his mountain of shorts mostly held. His bigger theme is the AI and hyperscaling trade cracking, with semiconductors, memory and storage names getting chopped to pieces, which he likens to the slow 2006 build in The Big Short. His standout call is Apple, the one big tech giant that skipped the heavy AI spending, which he credits as the quiet winner while everyone else leapt in, though he says he would not buy it up here. He is trimming some shorts into a huge week of Mag Seven earnings and the Fed. All views are his. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 The relief rally is already spent 00:55 An 18-year bull run at peak valuations 02:16 Still short tech, adding to XLK 03:43 South Korea's leveraged blowup 05:47 Why Apple skipped AI and won 06:48 SpaceX keeps making new lows 08:10 Mega IPOs are dead 09:32 An AI trade that feels like 2006 #tastylive #timknight #apple #ai #semiconductors #tradingcharts #techselloff #spacex #magseven #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.