Next Day Prep #292: Rotation, Not Liquidation: Reading a Split-Screen Market – Friday 7/24/2026

Episode summary

The Dow ticked up, the Nasdaq slipped, and the semis got hammered — but under the hood the median stock had a great day. This episode breaks down why breadth improved even as the headline tape looked ugly, where the breakout scans are clustering, and what Wednesday’s FOMC repricing means for holding the trade into next week.