Stefan Gresse

[Hedgeye @Hedgeye]

Semiconductor are now 14% of the market, nearly double the dot-com peak.

[David Marlin @Marlin_Capital]

Hedge funds UNLOADED Tech stocks at a record pace last week.

-4 sigma event.

[BraVoCycles Newsletter @BraVoCycles]

Hedge Funds had a maximum long exposure to semiconductors in May.

Must be feeling some pain now. Wonder how would end of June numbers look like.

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

Mag 7 P/E premium at the lowest level in more than a decade... Tortsten at Apollo

And my full @stockcharts $MAGS writeup: https://t.co/36OVLgvgPo

[Yuriy Matso @yuriymatso]

Margin debt as a share of M2 has now blown past its 2007 peak and is closing in on the 2000 high.

Nothing to see here.

[Sam Gatlin @sam_gatlin]

After years of no progress, the healthcare sector is breaking out to new all-time highs 📈

[Tom McClellan @McClellanOsc]

We'll see. The current NVDA has been pretty useful.

[Sam Gatlin @sam_gatlin]

Confirmation of a new primary downtrend in Gold

[Linda Raschke @LindaRaschke]

Gold weeklies: It's minor problematic that the last downswing was greater than the previous downswing. This makes it less likely that GC will put in a V bottom as well. 4077 is the 120 minute EMA, and that might be the play for now.

[Sam Gatlin @sam_gatlin]

Biotech stocks are ripping to new highs, so we went through every biotech chart and shared the top 15 setups.

Check it out👇🏽
https://t.co/HxqtBNUHcW

[Henrik Zeberg @HenrikZeberg]

"If it quacks like a duck - walks like a duck....then it probably is a duck".

SpaceX (2026) > Yahoo (2000)

IT IS A BUBBLE!

[Jeremy Raper @puppyeh1]

So you can use the 5th/6th/7th best LLMs, getting 80-85% of the top guys' performance, but at an 85-95% discount in price?

You know what we call that? A commodity...

exactly what happened with LCD TVs, OLEDs, solar panels, electric cars, phones, etc

good luck with your AI IPOs!

[Sam Gatlin @sam_gatlin]

A breakout in the U.S. dollar index would be a BIG problem for risk assets across the board.

[Global Markets Investor @GlobalMktObserv]

⚠️WHAT A CHART:

The South Korean KOSPI index has skyrocketed +226% over the past year.

This matches the surge seen during the 2000 Dot-Com Bubble, just before it burst.

As a result, the South Korean equity market has become the 6th largest in the world, surpassing India, Canada, the UK, and France.

This is only behind the US, China, Japan, Hong Kong, and Taiwan.

This explosive rally has been driven by 2 chip stocks, Samsung and SK Hynix, both valued at over $1 trillion and together accounting for over 40% of Korea's total market cap.

Is this a bubble?

Great chart @KevRGordon

[Kevin Gordon @KevRGordon]

Philly Semiconductor Index most stretched vs. its 200d moving average since March 2000

[Tintin Capital @Tintincapital]

Q1 2026:

Percentage of Net Profit derived from Mark-to-Market Gains in OpenAI, Anthropic, Coreweave, etc:

$goog: 58%
$amzn: 52%
$nvda: 27%
$meta: -4%

[BraVoCycles Newsletter @BraVoCycles]

You've never seen anything like this.

The ratio of Momentum to Minimum Volatility stocks is breaking all historical records, higher than in 2000, 2008, and 2021.

Do you understand the "gravitational law" of financial markets?

What goes up must come down. That's mean reversion, and it can be painful for some.

[J.C. Parets @JC_ParetsX]

Sometimes I wonder if it really is just that simple.

[(((The Daily Shot))) @SoberLook]

Momentum stocks are experiencing one of their sharpest rallies relative to minimum-volatility equities on record.

Source: @RealAlpineMacro

[Global Markets Investor @GlobalMktObserv]

‼️THIS IS A CRAZY MARKET:

Call options now account for ~66% of total option volume, the 2nd-highest reading since at least 2023.

As a result, the put option share collapsed to just ~34%, near a 3-year low.

In other words, for every investor buying puts, there are nearly 2 investors buying calls.

At the same time, market makers selling those calls must buy the underlying stocks to hedge, mechanically pushing prices higher and creating a self-reinforcing feedback loop that could unwind violently if sentiment shifts.

How will this end when sentiment reverses?