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Editor’s Note: In today’s Smart Money, we’re featuring a guest essay from Louis Navellier, one of America’s most respected quantitative investors.
Louis has been watching the SpaceX IPO closely — but not because he’s tempted to buy it. What he finds fascinating is how markets react when millions of investors chase the same story at the same time.
He argues that this dynamic is no longer limited to high-profile IPOs.
Now, AI-powered trading tools are quietly pushing retail investors into the same crowded positions across the entire market. When institutional money — the “elephants,” as Louis calls them — starts heading for the exit, the investors left behind may not see it coming until it’s too late.
