
Nasdaq Hit Contrasts With Market Breadth; Ulta, Nutrien, TKO In Focus
Dec 12, 2025
Hosts dive into the recent market movements, highlighting the significant drop in the Nasdaq due to AI-related sell-offs. They analyze Broadcom's troubling performance and discuss trading strategies around earnings gaps. There's a focus on material strength and retail opportunities, alongside deep dives into breakout stocks like Ulta and Nutrien. The conversation extends to homebuilder frustrations and the dynamics of mega-caps like Meta and Apple, all while providing insights on key support levels and market indicators.
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Episode notes
Son's 'Principal For A Day' Story
- Mike Webster shared a brief personal story about his son serving as principal for a day at school.
- The son enjoyed lunch with the principal and helping through the day.
Equal-Weight Strength Signals Broader Market Breadth
- Equal-weight indices (RSP, QQEW) showed much less damage than cap-weighted tech indexes.
- That divergence indicates breadth is broadening even as mega-cap AI names wobble.
Expect Nonlinear Pullbacks In Thematic Rallies
- Treat the current AI pullback like a normal part of a large thematic run and expect non-linear base-building.
- Avoid panicking; look for leaders to either retake highs or form fresh bases before redeploying capital.






