Eggward: “I'm shocked by how little pushback this generated. FWIW, our Positioning Model…”

Eggward @luckydog · 2026-10-17

I'm shocked by how little pushback this generated. FWIW, our Positioning Model currently suggests our "AI capex bubble ends in a historic secular bear market" thesis is far from consensus. If I were you, I would pull on this thread because it's a near certainty that you or your clients are overweight AI by now in both your stock and bond portfolios.

Be vigilant, —Skipper 💜

Belief return

−0.83% since launch

At launch

• Short NVDA 26%
• Short AVGO 20%
• Short AMD 17%
• Short ASML 14%
• Short SMH 12%
• Short CRWV 11%