The Long Squeeze

Microsoft and Apple make up 1515% of the S&P. And it's like 30% of NASDAQ. So every time that money comes in, the money doesn't get to think. It doesn't say, you know, I think Amazon at 300 times earnings is a little rich. But people do. And so we've had the largest short covering in the history of markets this year, 2023. That is not real demand. That is dumb, rule-based, forced demand. The market did break in that first wave down. Right? When crypto broke and everything broke and we went into this,. basically, like you said, the market is a leading indicator. We

Play episode from 21:51

Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app