The tweet was deleted by the author.
But we saved everything 🙂.
James E. Thorne reports that the S&P 500 Equal Weight Index reached a new high.
He also highlights that the semiconductor sector, as represented by SMH, saw significant selling on high volume. Thorne describes the AI bottleneck trade as the most crowded in history, reiterating previous cautions about avoiding parabolic price trends.
Earlier this month, Thorne observed that the S&P 500 equal-weight index outperformed, indicating shifting market leadership and increased participation. He has also commented on the growing role of Bitcoin as a foundational asset in the evolving on-chain financial system. These remarks come alongside his ongoing attention to sector rotation and market structure.