Featured: The Market Has Jumped the Shark  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

July 24, 2026 Do This Tonight, After Dinner Featured: The Market Has Jumped the Shark Sponsored Here's a picture for you. Tonight, after dinner, you sit down with a short playbook and your laptop. You open the right account – the right way. You change three settings most people never find. You run one practice trade with zero real dollars. You write down one number that caps your worst case before you ever enter a trade. By the time you head to bed, everything on your end is done. You're no longer "interested in options." You're ready. That's the entire promise of Your First Trade Playbook – normally $29.97, free today. Download it free right here. No theory. No jargon. Just the steps, in order, sized for one sitting. Grab your copy and pick your evening. Good Trading, Bill Poulos P.S. You've spent more than one evening just thinking about options. Spend the next one finishing the whole setup instead. Get the playbook free. Featured Article The Market Has Jumped the Shark     He said it plainly: "The market has jumped the shark." That was Michael Burry on Substack in May 2026, after a long drive listening to nothing but AI coverage on financial radio. The post was blunt. He said something clicked during that drive. A powerful sense of familiarity. That he had lived this before. His conclusion: "Feeling like the last months of the 1999-2000 bubble." That is where we are. And as of this week, the market is starting to behave like it, too. Where Things Stand Right Now Friday, July 24, 2026. Here is the actual market picture: S&P 500: Closed Thursday at 7,408, down 1.21%. Recovering modestly Friday but still below the 50-day moving average. Nasdaq Composite: Thursday close at 25,138, down 2.15%. The Nasdaq 100 lost another 1.1% Friday. The pressure is concentrated here. Dow Jones Industrial Average: Gained 236 points Friday to close near 51,947. Blue chips rebounding while tech bleeds. That divergence is not noise. VIX: Closed Thursday at 18.70, up 12.38% in a single session. Day's range touched 20.31. The 52-week range is 13.38 to 35.30. That intraday 20 touch matters. 10-Year Treasury Yield: Hit 4.71% Thursday, the highest level since January 2025, rising for a fourth straight session. Oil prices and U.S.-Iran tensions are driving it. The 30-year briefly touched 5.19%, just below its highest level since 2007. Fed Funds Rate: Holding at 3.50% to 3.75% under new Fed Chair Kevin Warsh, who took office in May 2026. The FOMC meets July 28-29. Markets assign roughly a 20-25% chance of a 25-basis-point hike at that meeting, with the dominant expectation being a hold. Shiller CAPE Ratio: 41.37 as of July 2026, up 10.4% year over year. The all-time record is 44.19, set in December 1999. We are fewer than three points away. Read full article here → This content is for informational purposes only and should not be considered financial advice. Investing involves risk. The Cheap Investor is a publication of Investing Media Solutions, LLC. To view our full policies: Disclaimer | Privacy Policy | Terms & Conditions Update your email preferences or unsubscribe here © 2026 The Cheap Investor 203 N La Salle Suite 2100 Chicago , Illinois 60601, United States Powered by beehiiv Terms of Service