Was That Just The Bottom?
Leopold blew up, is it that simple?
Today was quite the day.
Citadel essentially manufactured a pullback and stole Leopold Aschenbrenner’s portfolio after Situational Awareness was forced to unwind its public positions, with Citadel stepping in to acquire the assets.
We’ll probably see a Netflix movie about this someday called Situational Unawareness.
Anyways…
After what felt like endless selling, the AI infrastructure trade finally had a massive bounce. All of the most beaten down names exploded higher and the move has everyone asking the same question:
Are we back?
We’ll get into all of that below.
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In the remainder of this article, I’m going to discuss:
What happened today
Whether or not I think the bottom is in
The group being proclaimed as the market’s next leader
How this pullback compares with previous corrections
What I need to see to believe the bottom is in
The stocks that will give us the clearest clues about where the market goes next
My biggest focuses out of this pullback
And more.
This could be a major turning point for the market, it’s more important now than it’s been in a few weeks to be prepared.