AI Cracks: Where Do You Hide?
Episode publishedPodcast: 1000X1000X
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That's the most important thing to figure out is, Jonah, how did you make your money? Liar, why is the AI trade going up? The hyperscalers decided to build out massive data centers. They decided to invest 600,000,000,000, 700,000,000,000. You saw that value basically be baked into the price. And now you're seeing cracks. The things that are holding up the market are where those hyperscalers are putting their money now, not necessarily the Google, Meta, Amazon price action themselves. It's all about what are these companies spending their money on? That's what's driving the market forward. If t
Jonah. Avi, how are doing, my brother?
I'm doing great. Today's today's an amazing, wonderful day mostly because Nasdaq is not down 3%, which it was yesterday. That was a was a crazy move. That
was a that was
a pretty aggressive fall from from the top. And Nasdaq, obviously, right now is looking a little bit shaky. Just we had that double top formation and wait. What what am I talking about, Jonah? Am I using technical analysis to try to trade a megatrend? Somebody slap me.
Technical analysis never works, Avi. It's it's it's it's a road to ruin unless unless it is working, in which case, ride the tiger because if they broke, don't fix it.
You know, it's one of those things that I think does actually work in certain context. And where does it work? It works specifically when there's a lot of retail in an asset and there aren't many fundamentals that are backing up how this asset should be trading. Right? And so then the only thing that you can use to get in and out of the asset is technical analysis. And that's why Bitcoin traded basically technically perfectly for for for for many years until the quants sort of came in and and took it over, but technical analysis was a great way to trade. And and even in crypto in general, tech
Yeah. I mean That was a
total that was a total tangent for for the beginning of the episode, but a good lesson for you, the listener.
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