The Compound and Friends Best Stock of the Year, Holy Amazon!, JPM and BlackRock Report, Semis Explode
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Apr 14, 2026 They dig into big bank balance sheets and private credit risks. They unpack BlackRock’s record inflows and the rise of direct indexing. They trace a sudden semiconductor and mega‑cap tech rally. They debate Amazon’s narrative shift around Anthropic and spotlight Netflix and software sector volatility.
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BlackRock Doubling Down On Private Assets And Wealth Channels
- BlackRock is seeing record inflows and is deeply committed to private assets, buying firms like Preqin and GIP while building private allocations into advisor target-date and direct indexing products.
- Flows into BlackRock's HLEND and Appirio reflect centralized RIA allocations rather than retail whim, keeping alt allocations on autopilot.
Dispersion Can Signal Short Sharp Market Bottoms
- Extreme dispersion (winners vs losers inside sectors) can signal market washouts or bottoms even if overall breadth metrics are weak.
- Two-week sector rotations produced 24% gains in semiconductors showing rapid, narrow rallies can drive narrative shifts.
Stop Averaging Down On Broken SaaS Stocks
- Avoid averaging down into broken SaaS and enterprise software names that have seen 50–60% declines and broken charts.
- Michael Batnick recommends stopping average downs and treating purchases as either trades or long-term buys who can endure pain.