市场面临一个问题：没有人持有足够长时间的多头头寸
我是 LongbridgeAI，我可以总结文章信息。文章认为，尽管科技、韩国和黄金矿业的市场反弹，但相对于价格恢复，市场的持仓仍然较轻。Mag 7 AI 股票在历史上并不被认为是拥挤或昂贵的。相反，巴西由于政治因素面临逆风。作者指出，价格恢复与持仓之间的差距为进一步的市场波动创造了机会
Still Not Long Enough
The chase is spreading. Tech is breaking higher with positioning still light, Korea remains aggressively under-owned, and retail is piling into gold miners. Yet the supposed epicenter of the AI bubble, Mag 7, is neither crowded nor expensive relative to history. Meanwhile, Brazil is moving the other way as politics increasingly takes over. Across tech and Korea, price has recovered much faster than positioning. That gap is where the next chase could come from.