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we are in a violent AI valuation reset combined with an oil shock. The market will only go back up when Big Tech earnings ($MSFT , $AMZN ) prove AI spending is profitable, and oil prices cool off. these are 3x leveraged contracts (#SOXL , $KORU , #TQQQ ). To get back to breakeven, KORU needs a 71% jump, but SOXL needs a 266% miracle. The structure is unforgiving right now because volatility decay destroys leveraged positions in a choppy market.