Semis and the S&P 500 are looking toppy 👀
Concentration in the index is at historical extremes, and that kind of crowding rarely ends quietly. If it unwinds, the money doesn't vanish. It rotates.
My read: the next leg of liquidity looks for new homes, and software and $BTC / crypto are first in line to catch that bid.
Everyone's piled into the same few mega-cap trades. When that crowd starts heading for the exits, the sectors that got ignored are where the next expansion starts.
I put the full thesis into a premium write-up with a 43-min voiceover for anyone who wants the deep dive 🎙
Positioning early beats chasing the rotation later.
Concentration in the index is at historical extremes, and that kind of crowding rarely ends quietly. If it unwinds, the money doesn't vanish. It rotates.
My read: the next leg of liquidity looks for new homes, and software and $BTC / crypto are first in line to catch that bid.
Everyone's piled into the same few mega-cap trades. When that crowd starts heading for the exits, the sectors that got ignored are where the next expansion starts.
I put the full thesis into a premium write-up with a 43-min voiceover for anyone who wants the deep dive 🎙
Positioning early beats chasing the rotation later.