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Sam Altman and OpenAI, SpaceX and Starlink, Nvidia Earnings

The Compound and Friends

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Longest Streak and Underperformance of IBB Compared to SPY

The longest streak we've ever seen was 30 in a row back in late 2017 into early 2019. It's been a huge laggard since October. On a total return basis, IBB has drastically underperformed the S&P 500 since its inception in 2001. It's currently in a massive funk with some unique characteristics to the sector.

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