Image Source: Pixabay

In this episode of Macro-To-Micro Options Power Hour from Jun 11, 2025, Samantha LaDuc and Hans Albrecht discuss the current market setup, with a focus on the growing disconnect between bullish price action and macroeconomic risks. 

They highlight how mechanical flows (from buybacks, dealer positioning, and quant strategies) and fiscal stimulus have helped push markets higher, despite weakening fundamentals, narrow breadth, and rising geopolitical tensions. 

They expect volatility (VIX) to bottom in late June and begin to rise into July–August, coinciding with tariff rollouts and potentially worsening macro data. 

While AI-related and semiconductor stocks remain strong drivers, they caution about stretched valuations and potential late-cycle risk-taking behavior, particularly in small caps and high-beta plays. 

Overall, they maintain a cautiously bullish short-term stance but are preparing for a potential Q3–Q4 market downturn.

Video Length: 00:55:15

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