Hedge funds make largest equity de-grossing since 2017. AI, chip stocks hardest hit, $700B wiped out. Longs liquidated, shorts barely added, per Morgan Stanley data.
Raoul Pal: Big Tech in epic capex buildout, rivaling railroads in history. Productivity, cash flow, and capital expenditure accelerate nonstop. Debt is minimal, fueling data center, compute, and energy growth.
Crypto liquidity thins before Fed meeting as trading, stablecoins, and volumes drop sharply. Strive boosts BTC stash by 6,182 while @Strategy stays inactive.