Jordi Visser

And they're paid on a performance.

So if they start losing money when the AI trade and the momentum trade unwinds, they're more likely to sell out of things.

So when you put all these factors together, and then you add in the fact that the people that have lost for the year are getting stopped out, I believe there's a massive rotation that is going to continue to go on.

But we've already done enough damage for these names that are down 40% to 60%.

Oracle's already gone down enough.

We have Oracle's earnings coming out in two weeks.

We have NVIDIA coming out.

next week.

I think the market will find a way to stabilize.

And then once people kind of stop trading and they're like, okay, I'm going to wait until the holidays are over, then the buybacks will start to drift things higher.

But I do think for people trading there, there's going to be new sectors that lead and a new story for next year for sure.

So I'm bullish into the end of the year, but I want you to separate two of the people that you met and just realize this is why when I was talking about, Ryan Dietrich is talking about the S&P 500.

Correct.

Dan Ives is talking about the tech sector.

Correct.

I do not agree that the tech sector is just going to continue to do what it had done.

I do not agree with that at all.

i i think we we've got a problem going on that is the core weave thing if if he didn't acknowledge core weave and i haven't read what dana said that was a warning sign uh that led me to writing a paper that at some point multiples matter explain a little bit more what is the core weave situation just so people fully understand so um core weave came out with their earnings report

And they said they had insatiable demand.

And that is the part that Dan Ives cares about.