ITPM Podcast

Markets are at all-time highs, but beneath the surface, something important is changing.   In the first episode of At the Desk, Ben and Phil break down the major rotation taking place across markets as capital moves away from some of the most crowded AI, semiconductor and speculative trades and into financials, industrials, healthcare and consumer staples.   They also discuss the collapse in crypto momentum, the Federal Reserve's changing stance on inflation and interest rates, falling oil prices, and what the latest manufacturing and services data tells us about the strength of the US economy.   The conversation then turns to earnings from Nvidia, Broadcom and Micron, explaining why even exceptional results may not be enough when expectations are already extremely high.   Finally, Ben and Phil explore the risks behind the AI data-centre boom, including hyperscaler capital expenditure, falling token prices, profitability concerns, share dilution and the dangers of holding several stocks that are all exposed to the same underlying theme.   ⏱️ Timestamps 01:04 Sector Rotation 06:18 Federal Reserve, Inflation and Oil 11:35 Earnings 15:25 ISM Manufacturing & Services PMI 27:00 Portfolio Diversification 32:55 Hyperscalers CapEx Cycle   🔗 Learn with ITPM Trader Mentoring Programs 👉 https://www.itpm.com/trader-mentoring/   ITPM Webinars, Seminars & Conferences 👉 https://www.itpm.com/seminars/   ITPM Online Educational Courses 👉 https://www.itpm.com/education/   ITPM At The Desk Episode 1 – Sector Rotation has Flipped the Script Filmed 06-July-2026 | Uploaded 12-July-2026

Cybersecurity could be the next major AI-driven market theme.   In this episode of ITPM Flash, Dieter breaks down how the AI revolution has already created waves in data centers, energy, CPUs and memory — and why cybersecurity may be the next area to attract serious investor attention.   With advanced AI models exposing software vulnerabilities and major institutions racing to strengthen their systems, the setup for cybersecurity stocks could become increasingly relevant. Dieter explains why he prefers ETF exposure through the First Trust Nasdaq Cybersecurity ETF, ticker CIBR, rather than trying to pick individual cybersecurity winners. He also walks through a long call trade structure using November and August options, explaining the setup, the credit received, the risk/reward, and why a longer time horizon may make sense for this particular theme.   Listen now to see why AI-fuelled cyber risk could become one of the next big trades in the market.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!   While investors chase AI winners, a quieter opportunity may be emerging in an overlooked corner of the technology sector.   The AI trade continues to dominate headlines, pushing the Nasdaq to fresh highs and driving valuations across parts of the technology sector to increasingly stretched levels. But beneath the surface, credit markets remain calm, Treasury yields are easing, and the broader market may be setting up for a rotation rather than a correction.   In this week's ITPM Flash, Ben Berggreen explores why traders should be looking beyond the obvious AI winners and focusing on businesses where fundamentals are beginning to improve alongside structural growth trends.   Enjoy the episode.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!   Markets are pushing higher despite valuation metrics flashing warning signs across the board.   In this week's ITPM Flash, Edward Shek breaks down the extraordinary concentration driving the current rally — from hyperscaler CapEx spending to explosive AI-driven earnings growth. With the S&P 500 trading at historically extreme valuations, the big question is whether we are witnessing another bubble… or the early stages of a once-in-a-generation infrastructure boom.   Ed explores the unprecedented scale of AI data centre investment, why traditional valuation metrics may be understating the impact of the current CapEx cycle, and how hyperscaler spending is reshaping the entire market. He also explains why professional investors continue piling into the trade despite rising bond yields, weak consumer sentiment, and increasingly narrow market leadership.   Finally, Ed outlines how he is managing risk in this environment — staying overweight the AI CapEx trade while actively managing position sizing, downside protection, and momentum exposure.   Enjoy the episode.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!   What if a weapon costs less than the target it destroys?   In this episode of ITPM Flash, Alessandro Ameli examines a catalyst-driven opportunity in the defence sector through Kratos Defense & Security Solutions (KTOS). The discussion focuses on the shift towards affordable autonomous systems, the growing importance of attritable drones, and why several company-specific catalysts may converge within the next few months.   He explores the economics behind modern defence procurement, Kratos' position within the collaborative combat aircraft market, its record backlog growth, upcoming contract opportunities, and a defined options structure designed around a specific catalyst timeline.   This one could be explosive! Enjoy the episode.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!   Software stocks are getting destroyed. AI infrastructure stocks are exploding.   And sitting right in the middle of that dislocation is Synopsys ($SNPS).   While names like Salesforce, Adobe, and ServiceNow have been crushed by fears that AI agents will destroy traditional SaaS models, the companies powering the AI infrastructure buildout have gone vertical.   But what if the market is completely mispricing Synopsys?   In this video, Raj Malhotra breaks down why Synopsys may not belong in the "software apocalypse" trade at all — and why it could actually be one of the most important AI infrastructure companies in the world.   Is Synopsys one of the most overlooked AI infrastructure plays in the market today? Watch now to find out.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!   Consumer sentiment is collapsing… yet one sector may be perfectly positioned to benefit.   In this week's ITPM Flash, Dieter breaks down why a weak consumer backdrop doesn't necessarily mean weak spending — and how the "substitution effect" could drive demand toward lower-cost, high-engagement entertainment.   That leads us to a compelling opportunity in Take-Two Interactive — the company behind one of the most successful franchises in history, Grand Theft Auto V.   With Grand Theft Auto VI set for release and hype already building, Dieter explores why this could be a powerful catalyst — and how to structure a limited-risk options trade to capture the upside.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!   Markets may be underestimating a growing structural shift — and one high-profile stock could be caught in the middle.   In this week's ITPM Flash, Ben Berggreen breaks down the fundamental setup behind Airbnb (ABNB) and why the current macro environment could trigger a significant re-rating. With mortgage rates rising, regulatory pressure increasing across Europe, and consumer demand potentially weakening, the Airbnb growth story may be transitioning into something far more cyclical.   Ben explores how higher financing costs are squeezing hosts, why supply dynamics could shift, and how new EU regulations may create structural headwinds for the platform. He then walks through valuation compression scenarios and outlines a defined-risk options strategy designed to capitalise on a potential downside move — while maintaining asymmetric reward potential.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!    Markets continue to show surprising resilience despite escalating geopolitical tensions — but are investors underestimating the risks?   In this week's ITPM Flash, Jason McDonald examines the muted reaction in equities following the Iran conflict, with the S&P 500 only modestly off its highs. He explores why this apparent complacency may reflect a broader belief that geopolitics "doesn't matter" — and why that assumption could be dangerous.   We then dive into the shifting role of traditional safe haven assets. U.S. Treasuries, once the cornerstone of global capital preservation, have delivered poor performance through recent macro shocks. Meanwhile, gold — often viewed as the ultimate hedge — has also struggled during the current crisis, raising important questions about portfolio construction in today's environment.   Finally, Jason outlines a tail-risk trade idea centered on rising inflation expectations and structurally higher bond yields. If energy prices remain elevated and inflation proves sticky, long-duration bonds could face significant downside — creating asymmetric opportunities for those positioned correctly.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!   The next phase of the AI boom may not happen on Earth.   In this week's ITPM Flash, Alessandro Ameli explores a major shift in AI infrastructure — as data centres begin to reach physical limits in power, water usage, and grid capacity. With projections suggesting AI could consume up to 50% of U.S. electricity demand by 2030, traditional data centre expansion is facing increasing constraints.   This is driving the emergence of a new concept: space-based data centres, also known as the orbital cloud.   Alessandro breaks down why companies are exploring AI data centres in space, including the advantages of continuous solar power, faster data transmission, and in-orbit computing — and why this could become a key part of the future space economy.   He then analyses Rocket Lab (RKLB), a leading space company with exposure across launch services, satellite manufacturing, and space systems. With increasing government contracts and growing demand for satellite infrastructure, Rocket Lab may be uniquely positioned within this developing trend.   Finally, he outlines an Option's structure with defined risk and large upside to take full advanatge on his fundamental view on the stock.