Inside Edge Capital Trims AI Exposure 13.5% as Nasdaq-100 Rebounds
Photo: TokenPost
Inside Edge Capital, LLC founder Todd Gordon trimmed AI-related exposure in the firm’s growth portfolio by 13.5% and added a Nasdaq-100 hedge as a rebound brought the index back toward 30,000. The firm put on a 5% hedge against the Nasdaq through the ProShares Short QQQ (PSQ) exchange-traded fund. It also increased its energy and health care positions. The adjustments came before growth stocks rallied on Oct. 20. The Nasdaq-100 then moved back toward 30,000, an area Gordon considers a test for the rebound.
Source: TokenPost
