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Feb 09
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$337.12
$339.23
+0.6%
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LONG
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Steve H.
Quantitative Researcher at Bloomberg / PhD in Financial Econometrics
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Steve notes a massive divergence where Software ETFs (IGV) are crashing while Industrial ETFs (VIS) are rising. He specifically highlights Hyundai Heavy Industries (shipbuilding) and Caterpillar (heavy machinery). The US has lost its shipbuilding capacity but needs to patrol waters against China (geopolitical friction). South Korea (Hyundai) retains this capacity. Furthermore, AI data centers require physical construction, benefiting heavy machinery (CAT). LONG. This is the core "Bits to Atoms" trade. Physical infrastructure is the bottleneck for the digital future. Global recession slowing down capital expenditure on infrastructure. |
Thread Guy
WTF is crypto doing!? Are we BACK..? AI takin...
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