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Ripple Effect

Hedge Funds Are All-In on Chip Stocks

Loading ...Addison Wiggin

October 27, 2025 • 1 minute, 8 second read

semiconductor
Hedge Funds Are All-In on Chip Stocks

Move over index funds and ETFs, hedge funds have now gone all-in on semiconductor stocks:

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Hedge funds now have their highest exposure to semiconductor stocks – ever. (Source: Barchart)

Typically, “hedge funds” are used for portfolio insurance against prevailing trends. Right now, they’re all in on AI chipmakers.

This isn’t a sign of a top all by itself, but we could absolutely add it to our list of features in the Anatomy of a Stock Market Bubble, we detailed last Thursday on Grey Swan Live!

~ Addison

P.S. Thanks to everyone who joined us last week. On Thursday, our Anatomy of a Stock Market Bubble on Grey Swan Live!, allowed us to review several charts and indicators, showing the case for a market bubble.

We followed that up with a quarterly review of our asset allocation strategy and our model portfolio for our annual members on Friday. All told, Andrew Packer and I spent over 2 and a half hours covering the macro environment and our specific investment plays.

This week, we’re back in the saddle with one of our Grey Swan contributors, John Robb.

Details to come, but in the meantime, it’s not too late to sign up and become a full-fledged Grey Swan Investment Fraternity member.

If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.com.

Peter Thiel: Capitalism Isn’t Working For Young People

November 14, 2025 • Addison Wiggin

I’m obviously very biased against socialism. I don’t think socialism has solutions to these problems. I don’t think Mamdani particularly has solutions. I don’t think you can socialize housing. If you just impose rent controls, then you probably have even less housing, and eventually, it’s even more expensive.

But to Mamdani’s credit, he at least talked about these problems. So my cop-out answer is always to say: The first step is to talk about the problems, even if you don’t know what to do about them. There’s been a failure of, let’s say, the center left-center right establishment to even talk about them.

Peter Thiel: Capitalism Isn’t Working For Young People
The Long Shadow of the Family Budget

November 14, 2025 • Addison Wiggin

According to Global Markets Investor, 655 large U.S. companies have already gone bankrupt this year, the most in 15 years. Not yet a “recession,” per se, but a perceptibly slow tightening of the vise.

Credit conditions are stiff. Debt is heavy. Tariffs are pushing up costs. Consumers are fatigued. The Fed may pause in December.

Industrials lead the pack, followed by consumer discretionary and healthcare.

The Long Shadow of the Family Budget
Markets Hate Thursdays and Fridays

November 14, 2025 • Addison Wiggin

Stocks have developed a habit of selling off into the weekend before rebounding this year.

One big explanation might be that traders don’t want to be leveraged going into two days where the market’s closed in New York – but stay open online. 

Any random Trump tweet can and has moved the market!

Ostensibly, if the weekend is quiet, stocks can recoup their Thursday/Friday declines.

Markets Hate Thursdays and Fridays
Joe Withrow: The Hollow Class, Part III

November 13, 2025 • Andrew Packer

What we’ve seen since 2008 is nothing short of a theft of the commons. Except it happened in little pieces that seemed unrelated at the time. But if we look at the story holistically, it all comes together.

When we step back and view the entire picture, what emerges is not just a story of market excesses and economic shifts. What we see is the gutting of middle America – be it intentional or otherwise.

Now the question is – are we going to see the restoration of the American middle class in the coming years… or are we going to watch everything devolve into a modern redux of the War Between the States, more commonly but mistakenly known as the American Civil War?

Joe Withrow: The Hollow Class, Part III