Robinhood Stock (HOOD)

Upside – $MEDS +30% (litigation settlement is expected to extinguish about $19 million of liabilities and retire 364,099 shares) – $USDE +17%, $PURR +7.0%, $MSTR +2.8%, $HOOD +2.2% (crypto and tokenization-linked stocks rise as Bitcoin rallies and regulators grant temporary relief for tokenized U.S. stock trading) – $STUB +6.0% (Citi upgrades to Buy from Neutral) …

Breadth mixed (but sector divergences are wild), trading inconsistent and swinging wildly intraday: * Despite the evisceration of tech yesterday, there are few tech stocks higher on the day — Google ($GOOGL) (DJIA inclusion), Amazon ($AMZN), Apple ($AAPL) League leading hitter, Nvidia ($NVDA), has cracked to the downside some fractal support * Hard reversal lower …

SOFI and HOOD results should place a pall over money center banks and brokerage stocks today. I am not sure, but I should be (as I recently observed a possible double top in BKX). Positions: None.

Most always point out the good-performing stocks. Here are the bad ones: Salesforce CRM Microsoft MSFT Oracle ORCL Palantir PLTR Snowflake SNOW CrowdStrike CRWD Uber UBER Nike NKE DraftKings DKNG Strategy MSTR Robinhood HOOD Chewy CHWY ...

* Investors are underpricing risk * Equities — both fundamentally and from a valuation standpoint — remain somewhere between very overvalued and pornographically overvalued "Trouble with you Is the trouble with me Got tw…