The Edge - InsiderStreet.ai

🔥 PRE MARKET MOVERS

Pre-Market Session • 07:00 ET • $0.0T Total Volume

📈 Top Gainers by $ Volume

ATO +4.21% $325M

EHC +0.34% $94M

NOW +13.17% $82M

PACS +5.39% $35M

AS +4.28% $17M

PAHC +1.83% $14M

GLIBK +7.72% $14M

CGNT +3.19% $6M

TE +26.19% $5M

HIVE +28.07% $2M

📉 Top Losers by $ Volume

MU -7.12% $613M

NVDA -2.14% $268M

INTC -1.17% $144M

PPLC -4.67% $61M

NOK -3.37% $48M

CVI -2.14% $33M

KEP -0.27% $31M

XMAX -2.91% $17M

POET -14.34% $14M

VTEX -1.41% $8M

🐷 PIG ROAST

D +9.4% WSJ: Dominion up 9% on NextEra merger buzz because apparently utilities are the new sexy infrastructure play.

CTSH +9.1% MarketBeat: Down 36% for the year but CEO mentions "AI bridge" and suddenly everyone forgets this dumpster fire exists.

RBLX +9.6% Benzinga: Roblox bounces 10% while down 42% YTD—kids' gaming platform or elaborate financial experiment in disappointment?

RAMP +27.3% PYMNTS: LiveRamp rockets 27% on Publicis $2.2B buyout—French ad giant apparently thinks data is worth real money.

ZETA +11.6% Invezz: Up 12% after joining some semantic exchange initiative because investors will literally buy anything with "open" in it.

NBIS -9.1% Fool: Down 9% despite revenue beat—apparently being up 458% in a year makes profit-taking inevitable physics.

AAOI -9.0% 247WallSt: Optics darling drops 9% as profit-takers strike—being up 818% annually makes you a sitting duck.

REGN -9.8% Invezz: Plunges 10% on cancer trial flop—turns out optimistic executives don't actually cure diseases through wishful thinking.

CRDO -9.2% Finbold: Down 9% despite analyst love—even being up 162% annually can't save you from sector rotation.

AXTI -14.5% GuruFocus: Craters 15% but still up

💬 Word on the Street

While Rep. Maria Elvira Salazar (R-FL) quietly added $15,001 to $50,000 in Carrier Global Corporation (CARR) to her portfolio, the real action happened after hours where Dominion Energy Inc. (D) surged 9% on NextEra Energy Inc. (NEE) merger speculation and Roblox Corporation (RBLX) bounced 10% despite being down 42% year-to-date. Smart money dumped a net $4.2 billion today—with CRWV insiders alone unloading $839.8 million—while the VIX jumped 7.2% to 18.4, suggesting someone knows something the rest of us don't. Here's what smart money actually did with their capital today.

📖 HOW TO READ THIS REPORT

The Big Idea: When insiders, institutions, AND politicians all bet on the same stock? That's convergence — and historically, these aligned signals tend to pack more punch than solo moves. We track the smart money so you don't have to.

Signal Badges

ETF Institutional funds adding/removing positions
INSIDER Corporate executives buying/selling their own stock
CONGRESS Politicians making trades (yes, we see you)

Momentum Icons

▲ + Buying Rising Stock: Smart money accumulating as price rises — ideal alignment
+ Buying Falling Stock: Smart money accumulating while price drops — falling knife risk
▲ - Selling Rising Stock: Smart money exiting while price still rising — warning signal
- Selling Falling Stock: Smart money exiting as price drops — confirms downtrend

The Bottom Line: Convergence + aligned momentum = strongest setups. Convergence + divergent momentum = proceed with caution. This isn't financial advice — it's intelligence. What you do with it is on you.

🎯 SMART MONEY CONVERGENCE

📈 Accumulation Detected (10)

META Meta Platforms, Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D +2.1% 3M -4.4% 1Y -4.9%

15 member(s) purchased N/A • 42 insiders purchased $8377.9M • 5253 ETFs increased positions

NOW ServiceNow, Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D +13.0% 3M -2.4% 1Y -50.1%

9 member(s) purchased N/A • 5 insiders purchased $283.6M • 3726 ETFs increased positions

ALKT Alkami Technology, Inc. ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D -1.3% 3M +4.4% 1Y -44.3%

1 member(s) purchased N/A • 21 insiders purchased $254.8M • 360 ETFs increased positions

CRM Salesforce, Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D +1.1% 3M -2.6% 1Y -38.0%

7 member(s) purchased N/A • 10 insiders purchased $158.4M • 3667 ETFs increased positions

KO The Coca-Cola Company ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +3.2% 3M +2.1% 1Y +15.9%

7 member(s) purchased N/A • 11 insiders purchased $137.4M • 3851 ETFs increased positions

ABT Abbott Laboratories ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D +6.4% 3M -21.7% 1Y -33.5%

3 member(s) purchased N/A • 18 insiders purchased $118.7M • 3434 ETFs increased positions

RTX RTX Corporation ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D -1.5% 3M -13.3% 1Y +31.6%

3 member(s) purchased N/A • 18 insiders purchased $110.3M • 3026 ETFs increased positions

JNJ Johnson & Johnson ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D +3.4% 3M -5.4% 1Y +56.5%

4 member(s) purchased N/A • 12 insiders purchased $104.5M • 4367 ETFs increased positions

LLY Eli Lilly and Company ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +2.4% 3M -4.6% 1Y +35.5%

9 member(s) purchased N/A • 35 insiders purchased $101.9M • 4116 ETFs increased positions

HON Honeywell International Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D -0.3% 3M -10.0% 1Y -0.7%

5 member(s) purchased N/A • 10 insiders purchased $95.4M • 2799 ETFs increased positions

😱 VOLATILITY & FEAR

Market volatility gauges present a mixed picture this week, with equity volatility remaining in normal territory as the VIX sits at 18.43, reflecting a modest 7.2% weekly increase that suggests neither complacency nor significant fear among stock traders. In contrast, bond market volatility surged dramatically, with the MOVE index jumping 31.4% week-over-week to 18.44, indicating growing uncertainty in fixed income markets despite absolute levels remaining historically low. The divergence between relatively calm equity volatility and rapidly rising bond volatility suggests investors are pricing in increased uncertainty around interest rate movements while maintaining relatively steady expectations for stock price swings.

VIX

18.43

7.2% WoW

➡️

Normal

MOVE

18.44

31.4% WoW

📉

Low

📊 MARKET REGIME

Market breadth remains mixed with major indices showing participation rates below 50%, though transportation stocks demonstrate relatively stronger internal momentum at 62%. Semiconductors, Real Estate, and Energy are exhibiting clear relative strength with participation above 70%, while defensive sectors including Healthcare and Utilities are lagging significantly with participation below 30%. This performance pattern suggests a risk-on environment in specific growth and cyclical areas, though the weak overall breadth across broader market indices indicates selective rather than broad-based strength.

Sector Strength

🔌 Semiconductors

96.0%

-5.2%

🏠 Real Estate

77.4%

-1.8%

⛽ Energy

71.4%

+5.9%

💻 Technology

69.9%

-2.0%

🧱 Materials

53.8%

-3.9%

🏦 Financials

47.4%

+1.1%

🏭 Industrials

46.8%

-2.5%

🛒 Consumer Staples

44.4%

+3.0%

📡 Communication

43.5%

+1.2%

🏥 Healthcare

28.8%

+1.9%

🛍️ Consumer Discretionary

14.6%

-2.6%

⚡ Utilities

12.9%

-2.7%

📈 INDEX BREADTH

SPY

45.9%

NEUTRAL

QQQ

50.5%

NEUTRAL

DIA

46.7%

NEUTRAL

IYT

61.9%

BULLISH

💧 FED LIQUIDITY

Net Liquidity: $6.73 Trillion

↑ $19.0B WoW

As of May 13, Fed net liquidity stood at $6.73 trillion, down $19.0 billion from the prior week, marking a reduction in the liquidity available to flow into risk assets. The next H.4.1 release drops Thursday, May 21, which will show whether this tightening trend continues or reverses—a key metric institutional traders watch for shifts in market conditions.

📅 ECONOMIC CALENDAR Surprise Index: +0.9

The NAHB Housing Market Index climbed to 37.0 in May, beating estimates of 35.0 and marking its third consecutive monthly gain, though the index remains deeply in contractionary territory below 50 where it has been stuck since late 2022 amid elevated mortgage rates. Net long-term TIC flows jumped to $81.3B in March from $57.0B in February, reflecting continued foreign appetite for U.S. assets as Treasury yields have remained elevated. Market focus today shifts to April housing starts and building permits data, with traders watching for confirmation of housing stabilization after permits hit a one-year low of 1.422 million in March, while tomorrow's FOMC minutes will be parsed for any signals on the Fed's rate path as the Economic Surprise Index has ticked up to +0.9, its highest level in three weeks.

Yesterday — Monday, May 18

2 events · 1 beat

14:00 NAHB Housing Market Index (May) 37.0 vs 35.0 est

20:00 Net Long-Term TIC Flows (Mar) 81.3B vs NoneB est

Today — Tuesday, May 19

9 events · 9 upcoming

12:00 Fed Waller Speech Pending

12:30 Building Permits MoM (Apr) Pending

12:30 Building Permits (Apr) prev 1.422

12:30 Housing Starts (Apr) prev 1.361

12:30 Housing Starts MoM (Apr) prev 1.6

13:00 Fed Waller Speech Pending

14:00 Pending Home Sales MoM (Apr) est 1.0% / prev 1.5%

14:00 Pending Home Sales YoY (Apr) est -0.5% / prev -1.1%

20:30 API Crude Oil Stock Change (May/15) est -3.4 / prev -2.188

Tomorrow — Wednesday, May 20

5 events · 1 high impact

11:00 MBA 30-Year Mortgage Rate (May/15) prev 6.46%

14:15 Fed Barr Speech Pending

14:30 EIA Crude Oil Stocks Change (May/15) prev -4.306

14:30 EIA Gasoline Stocks Change (May/15) prev -4.084

18:00 FOMC Minutes Pending

🏦 INSTITUTIONAL FLOW

Institutional positioning through ETFs showed a notable rotation into mega-cap technology names during the period, with META attracting additions from 5,253 funds while INTC and CSCO drew 5,069 and 4,791 new positions respectively, even as sentiment remained divided with significant removal activity across the same names. The flow pattern suggests institutions rebalanced within technology and communication services sectors, with healthcare name LLY seeing notable position reductions from 2,628 funds amid the broader tech-focused repositioning.

Top Buying

META Meta Platforms, Inc. ⭐

+ Buying Falling Stock 5D +2.1% 3M -4.4% 1Y -4.9%

5253 ETFs • 0 shares

INTC Intel Corporation ⭐

▲ + Buying Rising Stock 5D -16.4% 3M +134.2% 1Y +401.9%

5069 ETFs • 0 shares

CSCO Cisco Systems, Inc. ⭐

▲ + Buying Rising Stock 5D +20.4% 3M +54.7% 1Y +87.2%

4791 ETFs • 0 shares

JNJ Johnson & Johnson ⭐

+ Buying Falling Stock 5D +3.4% 3M -5.4% 1Y +56.5%

4367 ETFs • 0 shares

NFLX Netflix, Inc. ⭐

+ Buying Falling Stock 5D +5.0% 3M +16.5% 1Y -23.9%

4199 ETFs • 0 shares

Top Selling

META Meta Platforms, Inc. ⭐

- Selling Falling Stock 5D +2.1% 3M -4.4% 1Y -4.9%

2936 ETFs • 0 shares

INTC Intel Corporation ⭐

▲ - Selling Rising Stock 5D -16.4% 3M +134.2% 1Y +401.9%

2645 ETFs • 0 shares

LLY Eli Lilly and Company ⭐

▲ - Selling Rising Stock 5D +2.4% 3M -4.6% 1Y +35.5%

2628 ETFs • 0 shares

JNJ Johnson & Johnson ⭐

- Selling Falling Stock 5D +3.4% 3M -5.4% 1Y +56.5%

2455 ETFs • 0 shares

NFLX Netflix, Inc. ⭐

- Selling Falling Stock 5D +5.0% 3M +16.5% 1Y -23.9%

2335 ETFs • 0 shares

🏛️ CONGRESSIONAL TRADES

Rep. Maria Elvira Salazar made multiple purchases of CARR shares, while Rep. Gilbert Cisneros added a position in DASH during the reporting period. Rep. Dwight Evans reduced holdings across multiple positions, selling AMT, INTC, and TMO.

Top Buying

CARR Carrier Global Corporation ⭐ CONGRESS

▲ + Buying Rising Stock 5D -2.1% 3M -2.9% 1Y -11.6%

Rep. Maria Elvira Salazar (Maria Elvira Salazar) • $15,001 - $50,000

DASH DoorDash, Inc. ⭐ CONGRESS

+ Buying Falling Stock 5D +3.4% 3M +0.2% 1Y -17.5%

Rep. Gilbert Cisneros (Gilbert Cisneros) • $1,001 - $15,000

CARR Carrier Global Corporation ⭐ CONGRESS

▲ + Buying Rising Stock 5D -2.1% 3M -2.9% 1Y -11.6%

Rep. Maria Elvira Salazar (Maria Elvira Salazar) • $1,001 - $15,000

MKL Markel Corporation ⭐ CONGRESS

+ Buying Falling Stock 5D +1.5% 3M -10.4% 1Y -1.8%

Rep. April Delaney (April Delaney) • $1,001 - $15,000

AESI Atlas Energy Solutions Inc. ⭐ CONGRESS

▲ + Buying Rising Stock 5D +3.2% 3M +64.8% 1Y +55.5%

Rep. Chip Roy (Chip Roy) • $10,000,001 - $25,000,000

Top Selling

AMT American Tower Corporation ⭐ CONGRESS

- Selling Falling Stock 5D -0.1% 3M -8.2% 1Y -14.8%

Rep. Dwight Evans (Dwight Evans) • $1,001 - $15,000

INTC Intel Corporation ⭐ CONGRESS

▲ - Selling Rising Stock 5D -16.4% 3M +134.2% 1Y +401.9%

Rep. Dwight Evans (Dwight Evans) • $1,001 - $15,000

TMO Thermo Fisher Scientific Inc. ⭐ CONGRESS

- Selling Falling Stock 5D -2.3% 3M -11.9% 1Y +9.4%

Rep. Dwight Evans (Dwight Evans) • $1,001 - $15,000

PWR Quanta Services, Inc. ⭐ CONGRESS

▲ - Selling Rising Stock 5D -7.4% 3M +37.7% 1Y +112.6%

Rep. Dwight Evans (Dwight Evans) • $1,001 - $15,000

TCNNF Trulieve Cannabis Corp. ⭐ CONGRESS

▲ - Selling Rising Stock 5D -5.9% 3M +23.4% 1Y +72.1%

Rep. Greg Stanton (Greg Stanton) • $15,001 - $50,000

👔 INSIDER ACTIVITY

Recent insider filings show concentrated buying activity at RSG with 21 insiders making purchases, followed by 10 insiders at ALKT and 9 at NOMD. On the selling side, CRWV recorded the most significant cluster with 265 insiders disposing of shares totaling $839.8M, while LTH saw 18 insiders sell $735.7M in holdings.

Cluster Buying

RSG Republic Services, Inc. ⭐ INSIDER

+ Buying Falling Stock 5D +8.5% 3M -3.0% 1Y -11.9%

21 insiders • $202.4M

ALKT Alkami Technology, Inc. ⭐ INSIDER

▲ + Buying Rising Stock 5D -1.3% 3M +4.4% 1Y -44.3%

10 insiders • $117.5M

NOMD Nomad Foods Limited ⭐ INSIDER

+ Buying Falling Stock 5D +10.1% 3M -19.2% 1Y -42.2%

9 insiders • $98.9M

ARTV Artiva Biotherapeutics, Inc. ⭐ INSIDER

▲ + Buying Rising Stock 5D -13.0% 3M +124.3% 1Y +332.9%

2 insiders • $75.0M

AMGN Amgen Inc. ⭐ INSIDER

+ Buying Falling Stock 5D -0.8% 3M -13.1% 1Y +22.3%

11 insiders • $71.7M

Heavy Selling

CRWV CoreWeave, Inc. Class A Common Stock ⭐ INSIDER

▲ - Selling Rising Stock 5D -9.5% 3M +14.0% 1Y +57.8%

265 insiders • $839.8M

LTH Life Time Group Holdings, Inc. ⭐ INSIDER

▲ - Selling Rising Stock 5D +2.8% 3M +14.3% 1Y +15.4%

18 insiders • $735.7M

JHG Janus Henderson Group plc ⭐ INSIDER

▲ - Selling Rising Stock 5D +0.3% 3M +4.7% 1Y +37.5%

2 insiders • $641.2M

DOCN DigitalOcean Holdings, Inc. ⭐ INSIDER

▲ - Selling Rising Stock 5D -9.4% 3M +118.0% 1Y +380.7%

20 insiders • $556.8M

SHC Sotera Health Company ⭐ INSIDER

▲ - Selling Rising Stock 5D -0.5% 3M -10.2% 1Y +20.5%

2 insiders • $482.9M

📅 EARNINGS CALENDAR

Thirty-one companies report earnings today, with notable activity in PANW and KEYS showing recent accumulation signals ahead of their prints, while HD and AMRZ have experienced distribution. Yesterday's session saw BRC surge 10.4% while BIDU dropped 5.5%. Tomorrow's calendar includes 30 additional reports as the earnings season continues.

📊 Previous Earnings — May 18, 2026

19 reported • ✅ 5 beats • ❌ 1 misses

BRC Brady Corporation ⭐ BEAT +10.4%

30

+ Buying Falling Stock

EPS: $1.50 vs $1.35 est (+11.1%)

Beats 8/12 quarters | Avg +4.2%

BIDU Baidu, Inc. ⭐ MISS -5.5%

70

▲ + Buying Rising Stock

EPS: $1.75 vs $1.87 est (-6.4%)

Beats 11/12 quarters | Avg +15.6% | 🔥 6Q beat streak

IQ iQIYI, Inc. ⭐ BEAT -3.4%

30

+ Buying Falling Stock

EPS: $-0.03 vs $-0.04 est (+13.0%)

Beats 6/12 quarters | Avg +93.9% | 🔥 2Q beat streak

RNW ReNew Energy Global Plc ⭐ BEAT -3.4%

70

▲ + Buying Rising Stock

EPS: $0.02 vs $-0.15 est (+113.4%)

Beats 7/12 quarters | Avg +20.8%

AGYS Agilysys, Inc. ⭐ BEAT +1.6%

50

+ Buying Falling Stock

EPS: $0.63 vs $0.51 est (+23.5%)

Beats 10/12 quarters | Avg +28.0%

6 insiders purchased $27.3K

RYAAY Ryanair Holdings plc ⭐ BEAT -0.9%

30

+ Buying Falling Stock

EPS: $-0.84 vs $-0.95 est (+11.5%)

Beats 9/12 quarters | Avg +65.5% | 🔥 5Q beat streak

NBIS Nebius Group N.V. ⭐

70

▲ + Buying Rising Stock

Beats 5/7 quarters | Avg +622.1%

15 insiders sold $121.8M

BPYPP Brookfield Property Partners L.P. ⭐

50

+ Buying Falling Stock

Beats 0/1 quarters | Avg -24.0%

BPYPO Brookfield Property Partners L.P. ⭐

70

▲ + Buying Rising Stock

KLAR Klarna Group plc ⭐

70

▲ + Buying Rising Stock

Beats 2/3 quarters | Avg -68.5%

🎯 Reporting Today — May 19, 2026

31 reporting • Smart Money:

14 acc •

10 dist •

7 neut

PANW Palo Alto Networks, Inc. ⭐

70

▲ + Buying Rising Stock

Beats 8/12 quarters | Avg -8.8% | 🔥 5Q beat streak

2 insiders purchased / 8 insiders sold $5.2M

KEYS Keysight Technologies, Inc. ⭐

70

▲ + Buying Rising Stock

Beats 12/12 quarters | Avg +6.2% | 🔥 12Q beat streak

8 insiders sold $11.8M

VIK Viking Holdings Ltd ⭐

70

▲ + Buying Rising Stock

Beats 7/9 quarters | Avg +19.8% | 🔥 2Q beat streak

3 insiders sold $7.9M

OXLCP Oxford Lane Capital Corp. ⭐

70

▲ + Buying Rising Stock

Beats 2/8 quarters | Avg -62.7% | ⚠️ 3Q miss streak

OXLCN Oxford Lane Capital Corp. ⭐

70

▲ + Buying Rising Stock

Beats 2/8 quarters | Avg -62.7% | ⚠️ 3Q miss streak

VSAT Viasat, Inc. ⭐

70

▲ + Buying Rising Stock

Beats 5/12 quarters | Avg -121.6% | 🔥 3Q beat streak

6 insiders sold $2.0M

OXLCG Oxford Lane Capital Corp. 7.95% Notes due 2032 ⭐

70

▲ + Buying Rising Stock

ATH-PE Athene Holding Ltd. ⭐

70

▲ + Buying Rising Stock

ATH-PA Athene Holding Ltd. ⭐

70

▲ + Buying Rising Stock

Beats 1/1 quarters | Avg +11.7%

KEN Kenon Holdings Ltd. ⭐

70

▲ + Buying Rising Stock

Beats 2/3 quarters | Avg -16.1%

ATH-PB Athene Holding Ltd. ⭐

70

▲ + Buying Rising Stock

Beats 5/12 quarters | Avg -197.0%

CMBT Cmb.Tech N.V. ⭐

70

▲ + Buying Rising Stock

Beats 8/12 quarters | Avg +131.0% | ⚠️ 2Q miss streak

OXLCO Oxford Lane Capital Corp. ⭐

70

▲ + Buying Rising Stock

Beats 2/8 quarters | Avg -62.7% | ⚠️ 3Q miss streak

FGNXP FG Nexus Inc. ⭐

70

▲ + Buying Rising Stock

Beats 0/1 quarters

EXP Eagle Materials Inc. ⭐

50

+ Buying Falling Stock

Beats 5/12 quarters | Avg -1.5% | ⚠️ 2Q miss streak

📌 Next Earnings — May 20, 2026

30 reporting • Smart Money:

15 acc •

9 dist •

6 neut

NVDA NVIDIA Corporation ⭐

70

▲ + Buying Rising Stock

Beats 12/12 quarters | Avg +11.0% | 🔥 12Q beat streak

38 insiders sold $163.7M

ADI Analog Devices, Inc. ⭐

70

▲ + Buying Rising Stock

Beats 10/12 quarters | Avg +3.9% | 🔥 9Q beat streak

16 insiders sold $14.6M

ROIV Roivant Sciences Ltd. ⭐

70

▲ + Buying Rising Stock

Beats 10/12 quarters | Avg +14.9% | 🔥 5Q beat streak

9 insiders sold $105.6M

ICLR ICON Public Limited Company ⭐

70

▲ + Buying Rising Stock

Beats 10/12 quarters | Avg -0.1% | 🔥 4Q beat streak

ENS EnerSys ⭐

70

▲ + Buying Rising Stock

Beats 12/12 quarters | Avg +8.6% | 🔥 12Q beat streak

BZ Kanzhun Limited ⭐

70

▲ + Buying Rising Stock

Beats 9/12 quarters | Avg +7.5%

7 insiders sold $1.0M

GLNG Golar LNG Limited ⭐

70

▲ + Buying Rising Stock

Beats 6/12 quarters | Avg +12.1% | ⚠️ 3Q miss streak

IMVT Immunovant, Inc. ⭐

70

▲ + Buying Rising Stock

Beats 5/12 quarters | Avg -3.1%

13 insiders sold $2.0M

CRVL CorVel Corporation ⭐

70

▲ + Buying Rising Stock

Beats 4/12 quarters | Avg +0.8%

2 insiders sold $562.3K

SBLK Star Bulk Carriers Corp. ⭐

70

▲ + Buying Rising Stock

Beats 7/12 quarters | Avg +28.2%

6 insiders sold $2.6B

📝 Today's Summary

Smart money flows reveal a concentrated technology rotation as institutional investors repositioned into mega-cap names, with Meta Platforms (META) drawing additions from 5,253 funds while Intel (INTC) and Cisco Systems (CSCO) attracted 5,069 and 4,791 new positions respectively, even as these same stocks saw significant removal activity indicating active rebalancing rather than uniform conviction. On the congressional front, Rep. Maria Elvira Salazar made multiple purchases of Carrier Global (CARR) shares while Rep. Gilbert Cisneros added a position in DoorDash (DASH), and Rep. Dwight Evans reduced exposure by selling American Tower (AMT), Intel (INTC), and Thermo Fisher Scientific (TMO). Corporate insiders showed the most concentrated buying at Republic Services (RSG) with 21 insiders making purchases, followed by 10 insiders at Alkami Technology (ALKT) and 9 at Nomad Foods (NOMD), while Crown Electrokinetics (CRWV) recorded the heaviest selling with 265 insiders disposing of $839.8 million in shares and Lantheus Holdings (LTH) saw 18 insiders sell $735.7 million in holdings. Market regime signals remain mixed as equity volatility holds steady with the VIX at 18.43 following a modest 7.2% weekly increase, while bond market volatility surged dramatically with the MOVE index jumping 31.4% week-over-week to 18.44, a divergence that suggests investors are pricing increased uncertainty around interest rate movements while maintaining relatively calm expectations for equity price swings. Breadth indicators show selective strength rather than broad participation, with major indices posting participation rates below 50% even as semiconductors, real estate, and energy sectors exhibit clear relative strength with participation above 70%, while defensive sectors including healthcare and utilities lag significantly with participation below 30%. This pattern points to a risk-on environment concentrated in specific growth and cyclical areas, though the weak overall breadth suggests caution about the sustainability of the current advance. Today's focus centers on April housing starts and building permits data as traders seek confirmation of stabilization after permits hit a one-year low of 1.422 million in March, particularly following the NAHB Housing Market Index climbing to 37.0 in May from estimates of 35.0, marking its third consecutive monthly gain despite remaining deeply in contractionary territory. With 31 companies reporting earnings today including Palo Alto Networks (PANW) and Keysight Technologies (KEYS) which have shown recent accumulation signals ahead of their prints, and The Home Depot (HD) and Ameri Holdings (AMRZ) experiencing distribution, traders will parse results for confirmation of the selective strength pattern evident in current market positioning. Tomorrow's FOMC minutes will be scrutinized for signals on the Federal Reserve's rate path as the Economic Surprise Index has ticked up to positive 0.9, its highest level in three weeks, while net long-term TIC flows jumped to $81.3 billion in March from $57.0 billion in February, reflecting continued foreign appetite for U.S.

Key themes: Watch convergence signals closely. Stocks where insiders, institutions, and politicians agree tend to show stronger directional moves.