ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!

The market is selling SaaS indiscriminately — and AI fear is driving the narrative.

In this episode of ITPM Flash, Dieter breaks down why not all SaaS is exposed to AI in the same way, and how the current selloff is confusing white-collar software with software built for the physical economy.

He focuses on ServiceTitan, a SaaS platform serving the trades industry, and explains why its customers can't simply replace it with AI agents or in-house tools. When software is embedded in dispatch, payroll, inventory, and payments, switching isn't trivial — and AI doesn't change that.

The result? A business with high switching costs, sticky demand, and a long growth runway that's being sold off alongside far more vulnerable SaaS models.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!

Rising geopolitical tensions are reshaping the macro environment and creating new tradeable opportunities across global markets. In this episode, Ben Berggreen outlines a top-down trading approach, starting with macro and geopolitical developments, filtering into sector rotation, and identifying where capital is likely to move as narratives shift. Following the capture of Venezuela's president, markets have reacted unevenly, but for traders the focus is on how geopolitical risk, defense spending, and global instability translate into medium-term positioning rather than political debate.

Ben explains why defense stocks moved immediately into focus and why smaller, innovation-driven defense companies can offer more asymmetric setups than large-cap incumbents. He then breaks down a bullish options trade in AeroVironment ($AVAV), discussing how military contracts, Department of Defense spending, earnings timing, and volatility shape the risk-reward. The episode focuses on defined-risk options strategies, flexibility around earnings, and managing outcomes as price action develops.

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!

The K-shaped economy is widening — and markets are still pricing only the winners. In this episode, Ed breaks down why the AI-driven data-center supercycle has become a macro force, propping up growth, earnings, and asset prices while masking deepening stress in the real economy. With the top 10% now driving half of all discretionary spending, the system is increasingly dependent on rising asset values rather than wage growth.

Ed argues the real risk isn't inflation — it's consumer spending. As AI boosts productivity without job growth, anxiety around employment could tip the lower arm of the K into contraction, triggering credit stress, falling discretionary demand, and a negative wealth effect that eventually hits equities. He outlines how traders should position for volatility, where patience matters most, and which macro triggers would signal when the K-shaped economy finally breaks.