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Alberta, It's Time to Build
Welcome back everyone.
Two weeks ago I wrote that Thursday was a warning, not the flush. The flush coincidentally came with a face and a situationally ironic name.
Leopold Aschenbrenner and his Situational Awareness fund.
Market Update📈📉
The AI trade compressed for five straight weeks, names down 40, 50, 60 percent from their highs in a straight line. Meta was down 10 percent on the year at the lows, Microsoft down 20, Amazon and Google flat while the Nasdaq held up 13. The proximate cause was sitting in plain sight: the Nasdaq topped the day of Kevin Warsh’s first FOMC meeting. Long-term…
The skinny
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