Good morning, traders,

It used to be that a headline like “30% Tariff on European Union” would send futures spiraling and have traders reaching for the panic button before their second cup of coffee. 

But now we’ve reached a point in this market where tariff threats don’t even move the needle anymore. 

You could slap a 600% surcharge on semiconductors or solar panels, and the market would still yawn and go back to chasing the next shiny object. 

Why? Because nobody believes it matters. Not really. Not to their trades and not to their bottom line.

That should tell you something.

Whether it’s disbelief in follow-through from Washington, or just good old-fashioned willful ignorance, the market is numb. 

Reality doesn’t matter right now, and fundamentals are on the back burner. And while that sounds dangerous — and it is — it’s also one of the best times to be an options trader who knows what they’re doing.

This is how I’m handling the current environment. 

‘Pure Greed Mode’

I’ve started shifting away from the macro noise, not because it doesn’t matter in the long run, but because in this particular market, nobody’s paying attention to it. 

We’re not trading economic logic. We’re trading mania.

Just look at it: Bitcoin back above $120K. Crypto stocks ripping higher like it’s 2021 again. 

AI stocks with no revenue or roadmap getting bid up like they’ve just cured cancer. 

You don’t get moves like that in a rational market.

This is pure greed mode.

And in greed mode, it’s not about tariffs or interest rates or inflation expectations. 

It’s about speed. It’s about volatility. It’s about setups that can move fast. 

You want trades that can go 30%, 50%, even 100% in a day or two. That’s the game right now. 

And that’s where options shine.

So that’s where I’m focused.

Earnings Will Tell the Story 

Now that said, we’re not in Disneyland forever. 

We’ve got CPI coming out today — and I expect some creative accounting on that report. 

My guess is they’ll massage the numbers just enough to give Fed Chair Jerome Powell some political cover. Either to say, “See, we were right not to cut,” or to start prepping the ground for a pivot down the road.

But that’s just the appetizer.

The real story is earnings. That’s when we’ll finally get a peek under the hood. 

Are companies absorbing these tariffs? Are they raising prices quietly? Are they freezing hiring or cutting back? 

You won’t hear it from politicians. You’ll see it in the earnings reports.

That’s when reality checks back in.

I’m expecting a lot of these companies to show cracks, especially the ones whose valuations have been pumped up by fantasy over the past six months. 

But I’m not guessing. I’m waiting for the numbers, watching the price reactions, and setting up trades around earnings reports with asymmetric potential.

It Is What It Isn’t

Bottom line: The next few weeks are critical. 

We’re in a market that doesn’t care about the rules, until it suddenly does. 

So don’t waste time hoping for logic. Adapt to what is. Trade what you see. 

Lean into the setups that are giving you velocity. And get ready for earnings to bring some truth back into the picture.

This is the time to stay nimble, stay smart, and stay aggressive.

Be ready,
Jeff Zananiri

P.S.Tonight at 8 p.m. ET, Danny Phee is pulling back the curtain on the overnight setups most traders sleep on. 

He’ll show you exactly how to spot the power plays that hit before the opening bell, so you can stop chasing and start leading the move.

You don’t want to miss this! 

*Past performance does not indicate future results