Robinhood CIO Steph Guild, fresh from the Milken Conference, sits down with Head of Education Michael Obucina and options specialist Michael Khouw to dissect the current equity rally. The session targets one core question: what is actually driving the melt-up, and how long can it hold.
The options market coverage is the reason to watch this in full. Khouw breaks down skew, implied moves, and positioning data, which are leading indicators that most retail-facing commentary ignores entirely. Guild's Milken takeaways add a macro layer, translating institutional sentiment from one of the most connected finance conferences of the year into actionable market reads.
The AI trade and its FOMO dynamics get specific treatment here, not just headline mentions. If you trade equities or options and want to understand whether current sentiment is a setup or a trap, the positioning analysis in this session gives you the framework before the next move happens.
[WATCH ON YOUTUBE →]