Don Curren 🇨🇦🇺🇦1d ago
1 Bloomberg: Yesterday’s #tech-led #selloff probably wasn’t a one-off.
A sharp rise in both prices and #volatility in #semiconductor #stocks is creating a treacherous landscape, according to #traders, who warn that #investors are maxing out the #AI trade. 🧵
Show threadDon Curren 🇨🇦🇺🇦
2 Bloomberg: Massive #leverage in #ETFs adds to the risks.
Whether it’s active or passive #funds, #hedgefunds or #quantitativestrategies, #institutions or #retail #investors, everyone is effectively getting longer #AI by the day, according to Goldman Sachs partner Bobby Molavi.
🧵
Jun 24 at 12:24pmWeb
Show threadDon Curren 🇨🇦🇺🇦1d ago
3 Bloomberg: “The co-#correlation of #strategies is a point to watch,” he said. “Feels great on the way up, but can be extremely dangerous on the unwind.”
The current market is beginning to feel eerily similar to the final months of the #dot-com era, Molavi said … 🧵
#AI #markets
Show threadDon Curren 🇨🇦🇺🇦1d ago
4 Bloomberg: … when #investors typically got used to taking sudden 5% moves in their stride. This raises the question of “what happens if 10% breaks, and whether there is no floor in sight after that.”
#AI #markets