Miner Company
Don't Mistake Profit Taking For A Regime Change: This Ain't Market Broadening
I think I was right to lean into tech since early April, but after this run, I no longer favor the momentum side of the AI trade. The tape looks narrow, and the last few days tell me this is profit-taking, not money finding a healthier home elsewhere (like financials, energy, or cyclicals).
I think I was right to lean into tech since early April, but after this run, I no longer favor the momentum side of the AI trade. The tape looks narrow, and the last few days tell me this is profit-taking, not money finding a healthier home elsewhere (like financials, energy, or cyclicals).