Next Day Prep #271: The Rotation Paradox: Market Highs, Sector Crushes, and the Jobs Report – Thursday 6/4/2026

Episode summary

Despite a semiconductor sector crash, the market hit record highs due to a strategic rotation into value sectors. We analyze the breadth data that kept the ‘Cautious’ regime intact and outline the specific watchlist levels for the upcoming Nonfarm Payrolls report.