FSD: The Great Rotation

In this FSD episode, the focus is on the rotation happening under the surface of a historic momentum market. There's a look at what SpaceX's post-IPO round trip teaches about order flow, then a breakdown of the momentum basket driving everything (Micron, SanDisk, Intel) and the decision rules for knowing when momentum is fading. The most interesting signal: beaten-down names starting to escape what's called the "factor kill box," flipping from red-red-red to red-green-green, which is where the next opportunities may show up if the fundamentals back it. Also covered: emerging strength in health care and consumer finance, why bonds make no sense right now, a pushback on Jeremy Grantham's bear call, and Micron inspiring TSM to raise prices. (00:00) SpaceX's $800B round trip and the lesson in order flow (02:00) The historic momentum rally and what's in the basket (04:00) When to exit: two red days, trend break, blowoff top (05:30) Emerging opportunity in health care and Medicare Advantage names (07:30) Consumer finance strength: Dave, Enova, Bread, adding to Sezzle (09:00) Travel, leisure, and shrugging off the Strait of Hormuz (10:30) The great rotation and the trifecta factor doom basket explained (13:00) Names escaping the kill box and Microsoft's big green bar (15:30) Adding to Reddit in a retail-driven market (16:30) The bicentennial time capsule bit (19:00) Pushing back on Jeremy Grantham's bear case (21:00) Why there's no reason to own bonds and building synthetic dividends (22:30) Midterm volatility and the base case for a rotation (24:00) The bull case vs the sentiment-driven bear case (25:30) The memory trade is real: earnings, and Micron inspiring TSM to raise prices (27:30) Why it's not a bubble and a possible shuffle in semi leadership About the show: Non-Consensus Investing is Ram Ahluwalia's running commentary on markets, where he shares how he's actually positioning capital and talks through the ideas most investors are missing. Real-time analysis, specific names, and a bias toward what's overlooked rather than what's crowded. Connect with Us Online:Lumida NewsLumida DealsLumida WealthLumida ETF Watch the video on Youtube: https://www.youtube.com/@Lumida_Wealth🌐 Website: https://www.lumidawealth.com🐦 Twitter Follow us on https://twitter.com/LumidaWealth🎵 TikTok: https://www.tiktok.com/@lumidawealth📸 Instagram: https://www.instagram.com/lumidawealth📘 Facebook: https://www.facebook.com/lumidawealth