Today's panel weighs in on retail trading activity, tariffs, and what seems like a rangebound market

• Retail trading activity is concentrated in NVIDIA, Tesla, and Micron, with significant derivatives market action.
• NVIDIA's earnings are front and center, with expectations for strong performance driven by AI, data centers, and improved supply chains.
• Political questions around AI, including potential regulation and job displacement, are percolating and expected to be discussed in the State of the Union.
• Trade policy, particularly tariffs, and immigration are highlighted as deeply unpopular core issues for the current administration, creating market uncertainty.

The panel discusses retail trading trends, focusing on NVIDIA's upcoming earnings and its broader impact on the AI 'food chain.' They also delve into the political implications of AI buildout and potential trade policy shifts, particularly tariffs, ahead of the State of the Union address. While NVIDIA earnings are expected to be strong, political uncertainties and market volatility remain key concerns.