Steve Saretsky

I don't care how you do it.

So guys, I was in New York for a few days.

I was down there.

So interesting, some points for you guys to think about.

Had conversations with a number of traders on some trade floors, things like that.

And you can see what the trades are lined up, what's in the blotter, what's going through and everything.

And so a trade desk, by the way, a trade floor, it's not a prop desk.

What a prop desk means in our world is that you're making trades to make money for your own book.

So, like, I'm not exposed to that.

I'm just on a trading floor where they're executing trades for clients who would be, like, firms like IceCap or some other, you know, really cool investment firm out there, stuff like that.

And it's funny.

I asked the traders, so what's everyone trading most of the time here?

And the guys, two guys just burst out laughing at the same time.

They said, tech, man, it's always tech stocks.

Anything AI, that's all they're buying.

And then I said, what about the commodity world?

You know, like the miners or, you know, commodity ETFs.

And the boys just burst out laughing again.

They said, no, not at all.

So I said, is this one of the biggest contrarian trades, what you guys see in a lifetime?