The Market Ear
@themarketear
Exclusive insights, premium market analysis, and expert commentary.
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The market isn't driving volatility anymore. Volatility is driving the market. And Wall Street is trapped in the feedback loop.
From panic selling to FOMO buying. Same range. Same market. Different victims. Welcome to the Max Pain Market.
China's hidden AI advantage: 10x the US power capacity additions. Half the electricity cost. Are markets missing something?
The AI trap: The fundamentals haven't collapsed. The positioning has.
Killing the General: NVDA Edition
50 tonnes → 4 tonnes → 0.3 tonnes.
India's central bank gold purchases over the first nine months of 2024, 2025 and 2026.
The RBI has virtually stopped buying gold.
"Everybody out."
JPM's Asian equity positioning indicator has plunged to the 8th percentile. Historically, levels like these have marked major market bottoms.
The AI trade isn't dead. It's been liquidated.
Panic on Thursday. FOMO on Monday. Welcome to Extreme Markets.
Semis: From Capitulation To FOMO In 48 Hours
Sell Low, Buy High... Repeat.
China builds 10x more power capacity. Nvidia has 75% margins. Connect the dots.
Everyone is selling AI. Nobody told earnings.
Only 57% of analysts are buy / overweight on Apple.
If it turns out to be true, the market will of course ask: If Jensen can lie to his wife of 40 years, what else could he lie about or mislead people about?
Tech positioning is now in line with outright negative earnings growth.
US TMT momentum has collapsed 66.6% from its June high.
Wall Street wants to build the biggest AI infrastructure boom in history. 76% of voters don't want data centers in their backyard. Something has to give.
October 29: The warning. November 5: The collapse. One hell of a lottery ticket.
The AI trade is getting crushed. But one major market is moving in the exact opposite direction. A 20-year extreme. $115 billion in potential buying power. Be Anti-AI.
