It’s pretty clear that flows are out of AI and into everything else. $GOOG is telling you scaling laws are intact and they still have insatiable demand for compute, $MSFT is still extremely capacity constrained etc. So, you probably want to be using this opp to buy AI. Some charts of businesses I don’t know as well ( $TER $ENR.DE) look okay? But like “touching the 50 Day” okay. $ASML same spot, $TSM Not yet. Thing is none of them seems that cheap yet(eg is $ASML at $965 materially cheaper than at $1065 not all that much) & drawdowns in a lot of the high quality AI stuff has not been that steep, and a lot of non-AI stuff is still IMO cheap. So hard to make the call today is the day to switch. Incrementally maybe but tbh doesn’t seem that compelling yet, to me. Will probably not delete if wrong 🙃