"These areas can act as a little bit of an anti-AI"

1. Home affordability. "Atlanta Fed's home affordability index hit a fresh high in May (i.e. home ownership is very unaffordable at the moment)".

2. DRAM BTFD. "The fund has dropped by more than 30% in the last two months - and yet its total assets have continued to rise in that time, as retail investors treat it as an opportunity to fill their boots."

3. Rolling beta. "Beta for Energy, the Low Vol factor, Healthcare, and Financials has basically collapsed over the last few months relative to the overall S&P 500 ... these areas can act as a little bit of an anti-AI".

4. AI Boom or Bubble dashboard. "Is AI a bubble? Not yet. Our updated dashboard tracking the investment wave currently has no gauges in the red, two in amber, and the rest in healthy green (just)."

5. Rental prices vs. token prices. "Jevons Paradox is real: token prices have declined but compute prices have remained elevated, suggesting that there is a huge increase in demand for inference as token prices decline."

ICYMI