93% of Tech Stocks Have Experienced a Bear Market This Year
It is a rundown of how two advisors are reading a broad tech drawdown and the earnings and spending data around it, including the hedging activity and single-stock and thematic ETF angles clients may ask about. The conversation also touches valuation work and a mystery chart, which may be useful framing for client conversations about concentration.
Summary
By the markets & outlook deskAn episode of The Compound's What Are Your Thoughts in which Josh Brown and Michael Batnick react to Apple and Palantir earnings, the latest tech stock selloff and the idea that analyst optimism may have peaked. Segments cover the return of the so-called HALO trade, Apple's strength, Meta's AI spending concerns, OpenAI's fundraising, investor hedging of AI exposure and Aswath Damodaran's $1.2 trillion SpaceX valuation.
- The hosts discuss the title claim that 93% of tech stocks have had a bear market this year.
- They react to Apple and Palantir earnings and to Meta's mounting AI spending concerns.
- They cover investors racing to hedge AI exposure and OpenAI's fundraising struggles.
- One segment is a case for the Roundhill Neocloud ETF (NCLD), and the episode includes Aswath Damodaran's $1.2 trillion SpaceX valuation.
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