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Michael Batnick

πŸ‘€ Speaker
4114 total appearances
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Appearances Over Time

Podcast Appearances

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

Whoops.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

Like I did it again.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

It happens.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

And I was writing this morning about the correction.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

The VIX was at 22.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

It closed at 19.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

RSP was 1.5%, the equate of its all-time high.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

Spoiler alert, it's 74 basis points of its all-time high.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

And to me-

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

There's two things happening here.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

One, there is a slap in the wrist of a very crowded trade.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

Throw up this chart from Todd's own.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

Cumulative sector ETF low since the March 30th low.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

It's only tech.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

Literally, it's only tech.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

Tech has taken in $30 billion and everything else has had an outflow.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

Look at this.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

It's the whole thing.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

So I have two more charts and then I will- That is a killer chart.

The Compound and Friends
Why AI Momentum Stocks Got Killed, OpenAI's Confidential IPO Filing, Apple Launches Siri AI

It's unreal.