Arthur Hayes posted on X platform saying he has closed all his HYPE and NEAR positions and will explain the reasons in his article "Reality Test" to be released next Tuesday.
Arthur Hayes stated that the Iran war and inventory replenishment will push energy prices higher; three major AI companies will go public between now and early Q3; he predicts Trump will turn anti-AI to help the Republican Party win the midterm elections; he believes the market peak will occur between now and September; now is the time to take profits, allowing one to step back without worrying about positions.