Mar. 13 at 9:13 PM
Asides from two geopolitical blips, Tariffs and Iran, the market since the 2022 rate hike bottom has been heavily reliant on thematic rotations, and those that positioned well did great.
The largest umbrella has been the AI trade, kicked off by OpenAI,
$NVDA $AVGO $TSM etc… in 2023-2025
But within this large theme you’ve had a number of offshoots ranging from power
$CEG $BE to optics and inputs like LITE/COHR/AXTI
This theme has slowly been getting mature, what’s next?
Our piece on Sunday will initiate a basket for the next theme:
Space.
Meanwhile, subscribe and read any one of our existing picks for free:
https://kryptonresearch.substack.com