[cmiles8]

There’s some early signs of the wheels starting to come off the bus of the “irrational exuberance” that’s been fueling the AI bubble.

Still early days but a lot of folks positioning to protect themselves from the blast radius which is what is driving market volatility.

Talk in many circles and back rooms with the ultra-wealthy has shifted rapidly from “how do I get in on this AI action” to “how do I protect myself from collateral damage when this thing blows up.”