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.

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

Apparel stocks have been left behind as consumer preferences shift and discretionary spending remains under pressure. Philip Klein turns to VF Corporation ($VFC), a former market leader whose shares collapsed from triple digits as brand missteps, rising debt, and weakening demand hit the business.

He walks through what went wrong — from the overpaid Supreme acquisition to Vans losing relevance — and what has started to change under new CEO Bracken Darrell. With costs coming down, debt being reduced, insider buying signalling confidence, and early signs of stabilisation across key brands, the episode explores this turnaround story and presents a high reward options structure for 2026.

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

Volatility is rising, speculative names have already been hit, and Ben Berggreen shifts the focus to a new weak spot: consumer discretionary. With sentiment collapsing, unemployment ticking higher, and holiday spending under pressure, several stocks look exposed.

Ben highlights Ulta Beauty ($ULTA) — a company facing slowing growth, margin pressure, and its first loss of market share — yet still trading near the top of its multi-year range. With earnings in early December, he walks through a bearish calendar ratio put spread offering asymmetric reward if the stock rolls over.

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

In this episode of ITPM Flash, Jason McDonald takes a deep dive into the US dollar, current FX positioning, and the macro forces that could drive a rotation in risk assets.

Jason walks through multi-year charts of the trade-weighted dollar, investor positioning, and the key rate differentials that drive FX markets. He then connects the macro outlook directly to equity risk assets, explaining which companies benefit from a strong dollar ($HD, $TJX, $DG) and which companies face headwinds ($MCD, $AAPL, $MSFT). He also presents a high-conviction rotation idea: long $IWM / short $QQQ via call and put spreads, taking advantage of decade-low relative valuations in small–mid caps and stretched pricing in mega-cap tech.

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

The world is going electric faster than you think — but not just for passenger cars.

In this episode of ITPM Flash, Philip Klein presents Microvast ($MVST) — a U.S.-based advanced battery company powering the commercial EV revolution.

While Tesla and Rivian dominate headlines, the commercial EV space is growing even faster — and Microvast is solving its biggest bottleneck: charging speed. With batteries that charge to 80% in 10 minutes, a breakthrough in solid-state technology, and partnerships with BMW and GM, this $1.8B company is positioned to benefit from powerful tailwinds in electrification, regulation, and energy storage demand.

Philip walks through the company's fundamentals, catalysts, and valuation — including strong revenue acceleration, U.S. expansion, and a calendar ratio call spread options trade designed to capture high implied volatility and asymmetric upside.

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

Slowing job creation and stagnant wages make Cintas ($CTAS) uniformly stretched.

In this episode of ITPM Flash, Edward Shek presents a short idea on Cintas ($CTAS) — the U.S. market leader in workplace uniforms and hygiene services. While Cintas has delivered years of steady growth and trades at premium valuations, Ed argues the story is uniformly stretched. With job creation slowing, wage growth stagnating, and little evidence of a broad cyclical recovery, Cintas faces structural headwinds that could pressure earnings and trigger multiple compression. He outlines the company's fundamentals, exposure to employment trends, and explains why a January vertical put spread offers an attractive way to express the view.