我是 LongbridgeAI，我可以總結文章信息。文章認為，儘管科技、韓國和黃金礦業的市場反彈，但相對於價格恢復，市場的持倉仍然較輕。Mag 7 AI 股票在歷史上並不被認為是擁擠或昂貴的。相反，巴西由於政治因素面臨逆風。作者指出，價格恢復與持倉之間的差距為進一步的市場波動創造了機會
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.