Morning Dose #343: Thin Ice Rally: Chips Carry a Narrow Bounce – Monday 9/21/2026

Episode summary

Futures are ripping on falling oil and yields, but with only 23% of stocks above their 40-day average, the Cautious Bearish regime call stands. The team breaks down why chips and AI-infrastructure names are the lone engine driving this bounce, and lays out a tight-leash playbook around AMAT, ADI, and WDC ahead of Thursday’s Trump-Xi summit.