Market setup this morning: bearish/risk-off, with S&P, Nasdaq and Russell lower while VIX, 10Y yields, USD and oil all rise. That’s a tough combination for growth and high-beta names. Still seeing strong underlying AI/semiconductor leadership in $MRVL $CRDO $NBIS $NVDA $HPE, but premarket weakness says don’t chase — watch for reclaim/confirmation after the open. $MRVL and $CRDO remain especially strong on relative strength. Best bearish alignment: $IWM, with small caps weak and yields at 5.34%. Gold/silver also remain under pressure from the stronger dollar/yields. My focus: buy strength only after confirmation, keep size controlled, and respect the macro headwind.