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Tuesday, June 9, 2026

While They're Setting Another Bear Trap — Here's the Bullish Rotation They Don't Want You to See

I don't normally lead with the MSM — but when CNBC and Bloomberg Surveillance are reading from the exact same script, word for word, you have to ask: who's actually feeding the teleprompters? It's summer. Time to roast some weenies.
Savita Subramanian (frequent CNBC guest)

This isn't the first time we've seen Jim Cramer and the Big Banks join arms in an attempt to cut a rally short. Less than two months ago [link], Goldman and Cramer simultaneously sounded the warning on semiconductor stocks — ahead of a monster rally that drove $SOX clear into June, well above where they told people to ring the bell. How many people lost Mad Money money on that call?

Right now Jim Cramer and Bank of America's   Savita Subramanian (a frequent guest on CNBC)   both, simultaneously, are sounding the warning to "take profits". My question is:

In yet another tweet, Cramer warns that "key pillars of the bull market are beginning to crumble" — the very same day they sell the news on Mag7 stock Apple. My take:

The term "pillars," of course, refers to the short list of market movers they just pumped and dumped.  Apple (sold on yesterday's news). Broadcom $AVGO — another Cramer favorite with a direct connection to Apple. No coincidence. 

Breaking: Bloomberg Surveillance just read their opener from the same piece of paper — even name-dropping BofA's very own Savita Subramanian. You can't make this shit up.

Time to Flip the Script

Assume for a minute that another bear trap is being laid, right on schedule, ahead of another summer break. This is prime time for manipulation — and the next FOMC announcement is right around the corner. Kevin Warsh raising rates? The MSM seems to think so. I give that zero chance. I've already put my money where my mouth is, buying up Treasuries. 

If you like that angle, you're going to like what's next even more.

Laying Out the Next Real Sector Rotation

While Cramer was busy pointing at semiconductors, one sector has been quietly consolidating for nearly nine months — flying completely under the radar. That sector is Communication Services 

Enter $XLC (State Street Communication Services Select Sector SPDR ETF). The chart speaks for itself. #1 Holding $META. #2 & #3 Holdings Google/Alphabet. You should be seeing a pattern: a rotation out of $AAPL, into one or more of the other Mag7 market drivers. Pro-tips: Sideways patterns like this are notorious for plenty of head-fakes, so don't bet the farm all at once. If it drops to 107 add. I'm not going to babysit this position; you're on your own. 

While the teleprompter producers were writing the next script, I was scoping out $META - quietly consolidating in a range.     

I'll let you chart the rest of the top holdings yourself [yahoo finance link]

#4 holding: $TTWO Take Two - number 4 holding. Clear buy signal. 
 


Same time of year, same script, same bear bait, all the usual suspects - will it be different this time? Spoiler, NO. The only thing that changes is the sector/stocks they're trying to shake you out of. 

 Last Fall they all claimed that the AI bubble was busting. The time before they claimed that Trump tariffs were going to cause a recession. This time... "take profits"?

 Laughable.

P.S. MSM believability just hit a historic low (8%). This is what that looks like in real time — CNBC reported that Trump got booed at the Knicks game. No doubt the talking heads would've loved a seat in that section. Or maybe they're just living vicariously through the 30% of loud mouthed New Yorkers doing the booing. 

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