There weren’t any S&P 500 earnings reactions yesterday…

But we did get fresh monthly and quarterly closing data, and one industry group is demanding our attention.

Cybersecurity.

This has become one of the most powerful secular themes in tech, and it’s only gaining momentum.

As digital threats become increasingly sophisticated, companies and governments are being compelled to invest heavily in protecting their data, systems, and users. 

From ransomware payouts to state-sponsored espionage, the battlefield is expanding, and the stakes have never been higher.

In today’s cloud-first world, there’s more surface area to defend than ever before.

This isn’t a cyclical trade.

It’s structural...

It’s global...

And it’s urgent!

The result? Cybersecurity is now one of the fastest-growing categories in enterprise IT.

Budgets are rising, and the revenue is sticky.

The opportunity set for leading cyber firms is expanding rapidly.

This is where real money will be made over the next decade.

Let’s break down the charts and highlight one stock that’s already starting to separate from the...

It has been a blockbuster year for precious metals, and the latest monthly and quarterly closes reiterated it.

The entire precious metals complex is breaking out of long-term bases. 

These patterns are the classic signature of new secular bull markets. 

Gold rang the bell first, but now its peers are joining the charge.

Let’s dive into what the data is showing us.

Nike $NKE just delivered a long-awaited victory, and Wall Street took notice.

The $104B athletic apparel giant posted a double beat and soared over 15%, marking its best earnings reaction since 2021. 

That rally also snapped a brutal streak of 4 consecutive negative reactions.

For months, the stock has been stuck in a downtrend, weighed down by concerns around bloated inventory, margin pressure, and lackluster growth in Greater China. 

This quarter signaled a meaningful shift.

Revenue came in stronger than expected, and gross margins expanded. This is a clear sign that Nike is regaining control of its supply chain and promotional strategy. 

Perhaps most importantly, the company highlighted improving demand trends across key geographies and product categories.

This wasn’t just a “less bad” quarter. It was a decisive step forward.

Management acknowledged past mistakes and laid out a clear path to profitable growth, with a renewed focus on core franchises, channel productivity, and cost discipline.

After a challenging period, Nike is starting to resemble its former self again. It's an iconic American brand...