No qualifying author-owned investment thesis was confirmed in this post.
macro thesis with causal mechanism, but no specific asset to trade
Score153
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I think those on Wall St are dumping certain stocks to reposition in anticipation of 3 IPOs: SpaceEx, OpenAI, and Anthropic. Personally, I’ve thought about this a week or so ago, about selling certain stocks to raise the cash to invest in perhaps Anthropic, SpaceEx, or both. If I thought about it I’m sure I’m not the only one to do so. So I think this is the major reason for the sell off in tech stocks.
Between these 3 IPOs the total value is $4T. That money has to come from somewhere and I think it’s being taken out of tech stocks TODAY. I’m sure behind the scenes there’s a lot going on to prepare for these IPOs.
Thoughts?