# Held Up By Flows.. Cracking Under The Surface? (EP. 9)

Page: https://stenobird.com/podcast/market-misfits-7113680/held-up-by-flows-cracking-under-the-surface-ep-9
Text version: https://stenobird.com/podcast/market-misfits-7113680/held-up-by-flows-cracking-under-the-surface-ep-9.md
Podcast: [Market Misfits](https://stenobird.com/podcast/market-misfits-7113680)
Published: 2025-05-07T00:38:58+00:00
Episode link: https://marketmisfits.podbean.com/e/held-up-by-flows-one-headline-from-cracking-ep-9/
Audio file: https://mcdn.podbean.com/mf/web/c92fbj3zim27b6ue/fullaudio.mp3
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JSON: https://stenobird.com/v1/public/podcasts/market-misfits-7113680/episodes/held-up-by-flows-cracking-under-the-surface-ep-9
Duration seconds: 4198

## Resource

The market is grinding higher, but Joe and Smiddy aren’t buying it. In this episode of Market Misfits, they break down why flows — not fundamentals — are holding everything together, and how one headline could crack it all. They revisit Cem Karsan’s 35 percent drawdown roadmap, walk through McElligot’s latest volatility triggers, and explain what dealer positioning is saying under the surface. Plus:– How Joe is playing VIX, uranium, and silver– Smiddy’s brutal Moderna drawdown and what it taught him– What systematic funds are doing right now– Trade or Fade returns with MSTR, Amazon, and ARM DISCLAIMER: Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. All opinions expressed by anyone on the podcast are solely their own opinion.

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## Transcript

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