so how are folks feeling

nervous, excited, worried?

or has nothing fundamentally changed and the market is doing what the market always does

pretty violent 2 weeks of sustained selling with today being the worst, but the main "catalysts" for it have been coreweave bonds and anthropic's underwhelming numbers

the question is if those catalysts are enough to actually wreck the entire AI trade and if they arent...when do funds stop derisking and take advantage of discounts

to assume these aren't discounts and that this selloff will continue would be to assume that the buildout is entering peak earnings and now future cashflows should be further discounted

which is why inflows are just rotating to other elements of the S&P that aren't as affected by AI

if not, then there are many things on sale

Source: amit