Michael Batnick
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Appearances Over Time
Podcast Appearances
Look at this.
It's the same stocks.
No, I have two.
All right, the ratio of S&P 500 momentum versus low vol stocks is nearing the tech bubble peaks.
This is the unwind.
And this is a real good one.
This is a real good one.
This is meaty, Josh.
So Berkshire, I don't know if you realize this, but the extent of the underperformance over the past year
is something like we haven't seen since the top in 2000.
You don't want this stock.
Over the past year, Berkshire has underperformed the S&P by 26%.
But I'll tell you one better.
So this bounced, by the way.
In April, so in April, the spread was 48 freaking percent, dude.
I didn't realize it was that big.
It was 48% in April.
And this just goes to, obviously, what everybody wants, AI and what's powering it, and what nobody wants, which is an insurance conglomerate.
No.
If the restriction is a $25,000 balance and that's been relaxed, that's not moving billions and billions of dollars.