Morning Dose #301: Nervous Breath: Rotation, Not Rout – Thursday 7/2/2026

Episode summary

Traders face a cautious market regime as semiconductor weakness triggers a rotation into software and medical sectors ahead of a critical June jobs report. With holiday liquidity thinning the safety net, the episode outlines a ‘First Hour Pass’ strategy, highlighting specific tickers like Nike and GRND that are defying the broader gloom.