This whole AI rally has benefited retail. Smart money missed out on the whole trade. They create FUD to buy the dip 2026 hedge fund performance so far: • Bill Ackman (Pershing Square): ~+2% to +4% • Ray Dalio (Bridgewater Pure Alpha): +8.1% • Graham Capital Quant Macro: +12.6% • Pharo Macro Fund: +9.7% • Michael Burry shutdown his Scion Fund & is long $LULU $ADBE $FISV
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