The author maintains a long and short portfolio, having previously held concentrated longs in Intel, Astera, and flash memory names (including SanDisk and Kioxia), offset by shorts in photonics names (including Applied Opto).

Amid abnormal market volatility, strange tape behavior, and correlations going to one, the author cut all long positions and reduced gross exposure to 30–50% (2.5x levered). The post also highlights recent market movements for Infosys, which was up 20% over the past month.