We are witnessing a historic short squeeze right now.
The S&P 500 has now added nearly +$6 TRILLION in market cap since March 30th.
In just 5 trading days, hedge fund short exposure to US ETFs has gone from the highest since May 2025 to lower than 97% of cases over the last 5 years.
Meanwhile, the capital that was sidelined amid the Iran War is quickly rotating back into AI stocks.
The reality is that AI names have only gotten bigger amid the volatility of the Iran War.
Stocks like Nvidia and Apple were nearly half as cheap as Costco and Walmart on a Forward P/E basis after the recent correction.
All while 4% inflation is back and investors are searching for any source of yield as a hedge.
Record highs are on the horizon.
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