Retail keeps buying the dip — and it's reshaping how the market moves. In this interview, JJ Kinahan breaks down why a VIX stuck under 20 amid the chaos, plus the "nervous longs" dynamic that's quietly fueling the grind to new highs. He explains how retail flips the SPX after every selloff, why NVIDIA has replaced Microsoft as the go-to dip-buy, and what SpaceX's record-setting IPO trading day says about where retail money is going. Plus: a first look at the new XSP prediction market and the "Plus Zone" — a vertical-spread approach designed to teach retail traders how to define risk and stay in the game longer. Guest Info: • JJ Kinahan, Senior Vice President, Head of Retail Expansion and Alternative Investment Products - Cboe Global Markets cboe.com Chapters: 00:00 Intro 00:57 Market backdrop: VIX, volatility & "nervous longs" 02:11 Why the setup makes JJ more bullish 03:13 Retail trading behavior: chips, AI & dip-buying 04:00 How retail flips the SPX after selloffs 05...