Pundits: Why did the market implode this week? Answer: The AI sector became record overbought during the oil war that collapsed global oil supply. Stock market valuations reached record high, along with market concentration in Tech. Hedge funds went "ALL IN" on AI: https://t.co/yyDB7AXErn But now, liquidity is collapsing due to seasonal rotation out of Tech deja vu of June 2024 AND because markets are now pricing in rate hikes due to high inflation and the strong jobs report. Meanwhile, the largest IPO in history is sucking liquidity out of ALL markets. Hedge funds are selling public AI stocks to buy Skynet.
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