Flipped entire portfolio bearish on QQQ after volume signal, Michael Taylor writes

Flipped entire portfolio bearish on QQQ after volume signal, Michael Taylor writes
Taylor turns fully bearish on QQQ

Michael Taylor, identified as co-founder and portfolio manager at Agora Trading, stated that he moved his portfolio to a fully bearish stance on QQQ after observing that the volume at 11 a.m. was 21. He noted that he has not taken such an extreme bearish position in a long time, describing current market conditions as the biggest bubble ever.

Taylor recently noted that Anthropic reduced its IPO valuation from $2 trillion to $1.5 trillion, citing concerns about market froth in high-profile offerings here. He also compared over $800 billion in conditional AI funding tied to Anthropic and OAI to the scale of the 2008 U.S. housing bailout here. These comments come as Taylor raises alarms about heightened risk in current market conditions.

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