Jul. 1 at 11:08 PM
Sometimes the market tells a very simple story over time:
Miss the AI-led growth cycle, and capital gets stuck in lagging legacy names like
$NKE and
$PYPL -both of which have materially underperformed over a multi-year horizon, with drawdowns exceeding 80% from peak levels.
Meanwhile, broader equity exposure via
$SPY captured one of the strongest multi-year bull runs in recent history, up ~70% over the same period.
The gap isn’t about timing one trade perfectly - it’s about being aligned with where earnings growth and capital flows actually concentrate.
Over long cycles, allocation matters more than conviction in the wrong regime.
I suggest you read my article over them. It is entirely free. You may be able to get some insight
