Anthony Pompliano

I know they don't use it because I asked them.

There's a usage thing with AI.

So I think the confusion for the market has to be thought about here in the context of the market is discounting the future.

It is not discounting the present.

It is literally telling you what is going to happen in the future.

The problem is right now, when you look at what's happening in the market this year,

It's been grinding down without a tremendous amount of volatility.

There's the leveraging that's happening.

And I talked about this as the big risk for last year, which I still think is happening.

I think we will lose a headline hedge fund this year because of what's happening.

I expected there to be a rotation.

I highlighted last week that before this 4% rally in the S&P this week, six of the 11 sectors in the S&P were up for the year.

So you think the market is confusing.

I don't think it is.

The model portfolio that I put together through last week was up 17% year to date.

Those are all hardware names.

Those are things related to the agentic side.

Those are not things related to software and banks and stuff like that.

So I think the market is actually making more sense than people are.

We're entering a very, let's say, difficult period because your confusion comment is right.