Feyzullah YEGIN, Chicago MBA

Bilkent &Chicago Booth Alumni/ Technical &Macro Stratejist/ US and Turkish markets/ Bilingual twits/ Shares are not investment advice./

[Feyzullah YEGIN, Chicago MBA @FYegin]

https://t.co/I3O4VDOoVC

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The Nasdaq 100 extends losses to -5.5% on the day, now on track to post its biggest daily decline since April 2025.

The index is now ~5% away from entering bear market territory.

[Melvin @MelvinInvests]

Why is the market selling off so aggressively today?

I think we're seeing a much bigger deleveraging event across AI and semiconductor stocks, with hedge funds cutting exposure to some of the most crowded trades in the market. After a difficult October, hedge funds appear increasingly cautious about maintaining large positions in AI stocks, especially with growing concerns surrounding the data center buildout, elevated valuations, and the sustainability of AI spending. And when you have so much institutional money concentrated in the same companies, even a relatively small reduction in exposure can create significant selling pressure.

We're also seeing concerns about what happens if data center construction slows down following the Democrats' midterm victories. Tighter regulations, permitting restrictions, and opposition from local communities could delay new projects, potentially affecting demand growth for GPUs, memory, networking equipment, and other AI infrastructure components. Add higher financing costs and questions about whether hyperscalers will generate sufficient returns on their investments, and investors have plenty of reasons to reduce risk.

But I think the bigger issue right now is deleveraging rather than a fundamental collapse in AI demand. Hedge funds aren't necessarily selling because they believe the AI investment cycle is over. Many may simply be reducing leverage, taking profits, and protecting capital after a volatile month. And when multiple funds start doing this simultaneously, falling prices can trigger even more selling, creating a cycle that pushes stocks lower regardless of whether the underlying businesses have changed.

And this is where I think the next few weeks become particularly important. We need hedge funds to come back into the AI trade if we want to see a sustained recovery. After October's volatility, I highly doubt institutional investors will rush back into these positions without seeing some stability first. That means retail investors could play an important role throughout November. If they continue buying the dips and help absorb the selling pressure, it could give hedge funds the confidence to gradually rebuild their exposure. If that happens, late November and December could become particularly interesting for AI stocks.

And despite all the concerns, I still think the underlying AI investment thesis remains intact. Hyperscalers are continuing to expand their infrastructure, existing data centers still need upgrades, and demand for computing capacity hasn't suddenly disappeared. Even if new construction slows down, that doesn't mean the entire investment cycle is coming to an end. For now, I think the biggest thing to watch is whether selling pressure begins to fade and hedge funds start rebuilding their positions. Because until institutional money returns in a meaningful way, it's going to be difficult for AI stocks to establish a sustained recovery.

[Jesse Cohen @JesseCohenInv]

IT'S SO OVER 🩸 🩸

[unusual_whales @unusual_whales]

The richest 10% of Americans own 87% of all US stocks held by households.

Share of US household stock ownership by wealth, per Goldman Sachs using Federal Reserve data:

Top 1%: 47%
Next 9% (top 2–10%): 40%
Next 40% (10–50%): 12%
Bottom 50%: 1%

Half of America owns just 1% of the stock market.

[fatih pakdamar @fatihpakdamar]

Kuyumcu altın fiyatının ne olacağını bilmez arkadaşlar, şunu bir netleştirelim artık. 🤦‍♂️

Kuyumcu altını 100’e alır, 105’e satar; aradaki o %5'ini bilir. Ya da altını takıya çevirir, üstüne işçiliğini koyar, net kârına bakar.
Adamın sermayesi zaten altında bağlı. Fiyat dalgalanması onu bağlamaz; "Benim kasada 2 kg altınım var" der, her zaman onun hesabını yapar. Kazandığı parayla da gidip yine altın alır.

Kuyumcu esnaftır, finans analisti değil. Adam dükkanda çayını içerken dünya altın piyasasını, Fed’in faiz kararını nereden bilsin? Gidip kuyumcuya "Abi altın ne olur?" diye sormaktan vazgeçin artık ya. 🙋‍♂️

[The Kobeissi Letter @KobeissiLetter]

Absolute insanity.

In just 40 minutes, the S&P 500 has now erased -$2 trillion in market cap.

The entire post-Midterm Election rally has been erased in a matter of minutes.

This is one of the fastest market cap losses in stock market history.

[Prof. Steve Keen @ProfSteveKeen]

11 years ago the Bank of England admitted the textbooks are wrong about how money is created.

The people advising Congress still have not read it.

In 2014, the Bank of England published a paper confirming what critics like me had been saying for decades.

Banks do not lend out deposits. They create money when they create debt.

The loanable funds model that fills every economics textbook is fiction.

That matters because the GAO's entire debt warning is built on that fiction.

Their framework assumes a government deficit borrows from the private sector and drains money available for investment. Double entry bookkeeping shows the opposite.

A deficit creates money in private bank accounts. It adds to the economy, it does not subtract from it.

The Bank of England said it.

I have been saying it for 20 years. And every government adviser is still using the model that was proven wrong in 2014.

For a more comprehensive understanding, refer to the full video presentation given in the comments.

#SteveKeen #MoneyCreation #BankOfEngland #Economics #PrivateDebt

[Jonesy @HedgeyeDJ]

Bitcoin is up 24% in 5 years. The S&P 500 is up 65%.

The asset that was supposed to replace the system lost to the asset that is the system.

[Feyzullah YEGIN, Chicago MBA @FYegin]

Iste birilerinin ucuza almasi icin de insanlarin korkuya kapilmasi ve panikle hareket etmesi gerekir...

[Scarface @47Scarfacee]

HERHANGİ BİR HABERLE PİYASALARDA DÜŞÜŞ OLMAZ, DÜŞÜŞ OLMASINI İSTEDİKLERİ İÇİN O HABERLER ÇIKARTILIR.. DÜŞÜŞÜN ZEMİNİ ÇOKTAN HAZIRLANMIŞ VE PARASI OLANLAR ÇOKTAN ÖNLEMİNİ ALMIŞTIR. HİSSELERDE PATRONLAR ALSIN VE TUTSUN DİYE BEKLİYORSUNUZ AMA ZATEN DÜŞÜŞÜN OLMASINI İSTEYEN KENDİLERİ.. 10 TL DEKİ MALIN UCUZ OLDUĞUNUN FARKINDA. AMACI 10 TL YERİNE 2 3 TL DEN ALMAK… PİYASAYA 10 TL NİN UCUZ OLDUĞUNU HİSSETTİRMEZSE ALICI BULAMAZ.. O YÜZDEN DİYORUM Kİ EN ÖNEMLİSİ TEKNİKTİR. Takas-akd-pd/fk bu işin %10 u bile değildir.. #borsa #xu100

[Feyzullah YEGIN, Chicago MBA @FYegin]

Mahalle yanıyor, bu hala bilanço diyor...

[purosunu tersten yakan adam @purosunu]

Bi bok bilmiyor mesela. Ön muhasebeci. Fk hesabı bile yapamaz. Kaç kişiyi batırdı hala konuşuyor.

[Feyzullah YEGIN, Chicago MBA @FYegin]

En temel #yatırım ilkesi: Sular yükseldiğinde balıklar karıncaları yer, sular çekildiğinde ise karıncalar balıkları... Kimin kimi yiyeceğini suyun yönü tayin eder.

Burada yükselen sular, ucuz #para ve düşük #faiz ortamı, çekilen sular ise sıkı para ve yüksek faiz ortamıdır. Suyun yönünü tayin eden ise #Merkez bankalarıdır. Finansal piyasalarda ve ticarette yenilen olmak istemiyorsanız, suyun yönünü tayin edene yani Merkez Bankasının faiz politikasına bakın ve ona göre yatırım ve ticaret stratejinizi belirleyin.

[Feyzullah YEGIN, Chicago MBA @FYegin]

Alışkanlıklar zor değişir... #Para bolluğu zamanında nereye yatırım yapsalar fiyatı arttığından ve kazandıklarını zannettiklerinden, yatırımcılar hala aynı mantıkla para kazanmak için sağa sola saldırıyorlar... Yatırımcıları bir #teknoloji #hisse lerinde tokatlıyorlar, bir #kripto paralarda, yetmiyor #gümüş te, yetmiyor #altın da... yeğenim hele gel bir soluklan... mevzu nereye #yatırım yaptığın değil, ne zaman yatırım yaptığın...

[Feyzullah YEGIN, Chicago MBA @FYegin]

İnsanlar en iyi korkuyla yönetilir. Herkes panikle kaçsın ki, değerli şirketler ucuza alınabilsin...

[Feyzullah YEGIN, Chicago MBA @FYegin]

#Gümüş 1980 yılındakiyle aynı fiyatta. Birileri "değerli metaller çok iyi #enflasyon koruyucusudur." mu demişti? #silver

[Amit Arora 🇮🇳 @GuruShareMarket]

Silver in 1980 ~$49.45 🗿
Silver in 2026 ~$48.80 ��

@grok Verify if people who bought in 1980's peak are still in loss even after 45 years?