Benjamin Duez

If you’re wondering why this selloff is so aggressive, save this! ! NASDAQ is down 5.1%. S&P 500 is down 3%. $MU −17%. $SNDK −18%. This is what forced selling looks like. It isn't happening in one sector. It's literally everywhere you look at once from financials to AI infrastructure and the best businesses like $MU $AMZN and $NVDA are falling hardest because they're the easiest things to sell when funds need cash… It didn't have to be this way folks. AI is the golden goose of this cycle…record earnings, contracted demand into 2030 and a market that was finally starting to price it. But the war with Iran sent oil above $100, pushed inflation back up, forced the Fed into a hike and set the stage for last night's republican humiliation. The cost of that war is now showing up in every portfolio in America including all the pension funds & 401Ks. But what hasn't changed is the thesis. 3 days ago $AMD guided above everyone’s expectations. $SMCI did $19.9bn in a quarter. $MU and $SNDK are sold out for years, with margin floors written into their contracts. None of that has changed at all…in fact every earnings we get from here gets even better. The fundamentals are intact. But every chart looks broken rn and has been broken for a couple of months. These so called analysts spent this morning cutting their 2027–28 AI capex estimates because of the election. The outcome had been telegraphed for months…these guys have no idea what they’re talking about…just as always chasing the news cycle. Hyperscalers sign multi year capacity contracts and they don't rewrite them because control of the House changed hands. What the market needs now is for the macro to stop getting worse. Trump has accepted the results which takes a constitutional crisis off the table. An Iran deal and lower oil would open the door for the Fed to cut. When this nonsense “war” fades, earnings are what's left and the earnings are still extraordinary and that’s where the opportunity is… This is a flush mainly algo driven not the end of the AI trade or American capitalism...stay hard!