The leadership shift that's about to blindside everyone

Don Kaufman here. 

Look, I just watched something unfold in real-time that I've only seen a handful of times in my career.

While everyone's obsessing over Tesla and Google earnings... while the financial media's going crazy about the "Magnificent Seven"... there's a massive shift happening right under their noses.

And most people are going to get absolutely crushed by it.

Here's what I'm seeing: The S&P's up 0.8% today. 

Sounds bullish, right? Wrong.

The NASDAQ is getting hammered on a relative basis. And that's not just a red flag... it's a screaming siren.

See, tech has been the primary driver of this entire marketplace. But something's changed. 

We're not even talking about the "Magnificent Seven" anymore - we're down to maybe four or five stocks carrying the load.

Meanwhile, guess what's suddenly getting bids? Utilities. Financials. The Dow. 

All the "crap" that nobody wanted to touch for months.

I'm talking about sectors that did absolutely nothing in May and June... and now they're breaking out in just three or four trading sessions.

But here's the part that should terrify you...

Volatility just crashed back into the 15 handle. I've said this before and I'll say it again - anything under 16 is a massive buy signal for volatility. Because when everyone thinks the coast is clear... when trade deals are getting "framework" announcements left and right...

That's exactly when the rug gets pulled.

I'm tracking specific setups right now that could make or break your next month. The S&P is literally 12 handles away from hitting the upper edge of its expected move at 6372. 

And here's what most people don't realize about what happens when we actually hit that level...

The last two consecutive weeks? We didn't hit it. 

Not even close.

This time is different. And that difference is going to separate the prepared from the panic sellers.

Watch me break down exactly what's coming and how to position for it:

WATCH THE FULL ANALYSIS

Don't be the person who figures this out after it's too late.

To your success,

Don Kaufman

P.S. When Elon starts talking tonight, remember what I always say: When Elon Musk speaks, people sell. Plan accordingly. Of course, Garrett will be breaking it down tomorrow morning here.