Two weeks ago the AI trade was unstoppable. This week it broke. ๐
Everything that ripped Tuesday round-tripped by Thursday ($SOXL: +13% Tue โ -28% on the week). But the real story isn't the drop โ it's that the STRUCTURE changed. The trend-trade (buy every dip) is over. This is a mean-reversion market now: buy the extreme lows, sell the extreme highs, no trend to bail you out.
The money rotated into healthcare with real catalysts (MRNA+33MRNA +33% on an FDA 9-0 vaccine vote). $RDDT is my top name (+23%, AI data-licensing story). And the beaten AI names ( MRNA+33MU $STX $WDC) are 1-2 day bounces off the 50-day โ NOT swings.
Question for the room: are you flipping to the mean-reversion playbook, or still buying dips like it's May? How are you adjusting? ๐