From Puke To FOMOThe post-panic market is getting interesting. Semis have been left behind by Taiwan, Korea has flushed much of its leverage, and some of the most beaten-up AI trades are approaching key inflection points. At the same time, options markets have gone from fearing the downside to fearing the upside almost overnight. With CPI/PPI next and puts at their cheapest levels of the year, the crowd is chasing again just as protection has become unusually attractive.Software over SOX