Hot CPI & AI Positioning Unwind Pressure Crypto, Watching STRC Closely into Ex-Dividend Window

AI Positioning Unwind Sparks Initial Selloff: The first leg lower in markets appeared to originate overnight in Asia following comments from a Korean policymaker suggesting citizens could receive dividends funded by taxes on AI-related profits. While the policymaker later clarified that this would not involve a new windfall levy on corporate profits, the comments were enough to trigger a sharp selloff across semis and memory names. Miners were hit particularly hard as a result. In my view, the magnitude of the mo...