Jul. 18 at 2:13 AM
https://youtube.com/watch?v=lw4IkQmd3-w&is=E5NGaDTMxYQQFOi_
$SMH $SOXX $SOXL $QQQ
Buying Opportunity: Lee characterizes the recent pullback—where some names are trading 20% cheaper—as a healthy reset and a potential entry point for long-term investors who previously missed the trade (0:59 - 1:11).
• Market Volatility and Margin Debt: The conversation highlights significant concerns regarding leverage. Margin debt is currently up 54% year-over-year, which Lee notes is the sixth-highest rise in 60 years. Historically, similar spikes have led to market consolidation over the following six months as leveraged traders become "tapped out" (1:59 - 2:25).