This is putting PRESSURE on the U.S. momentum trade, expert says

DS HAVE CHANGED THE GAME. IN RECENT YEARS THEY'VE TAKEN OFF LIKE A ROCKET BUT LOOK AT THAT ONE PART, THAT MAYBE RED OR ORANGE, CLOSER LEVER ETS AND THEY ADD FUEL THE WAY NUCLEAR POWER PLANT ARE, IT'S AMAZING AND SO MAYBE IT'S NOT BECAUSE HERE'S THE THING, RIGHT NOW THERE 1% OF ASSETS UNDER MANAGEMENT AT 16% OF DAILY TRADING. CIO BRENDAN AHEARN, IT IS AMAZING TO ME BECAUSE WE SAW WHAT HAPPENED IN KOREA AND THE UNDERLINING WAS CATASTROPHIC BUT EVIL WERE LEVERED LIKE FIVE TIMES. GREAT ON THE WAY UP AND NOT SO GREAT ON THE WAY DOWN AND I THINK WE HAVE YELLOW FLAGS. >> THE 5% OF ALL BROKERAGE ACCOUNTS, SOUTH KOREA CLOSE TO TWO MARGIN CALLS SO YOU HAVE THE REGULATOR, THE LEVERAGING LEVERED ETS, THAT'S PART OF WHAT PUT PRESSURE ON THE U.S. MOMENTUM TRADE, THE SAME INVESTORS. HERE IN THE U.S. AND FORCED TO SELL AND THE REBOUND IS TO COME BACK. >> ONE OF THESE MAJOR FIRMS, SAID THEY ARE GOING TO RELOAD. ALL OF THESE INTERVIEWS LIKE I'LL NEVER BE IN THE MARKET AGAIN. I'LL GIVE IT ANOTHER SHOT SHOULD WE CONCERNED? THEY'RE TALKING ABOUT, CAUSING THE ISSUANCE, SHOULD WE BE CONCERNED FROM THE REGULATORY VIEW OR JUST LET THE MARKET PLAY OUT? >> THE INVISIBLE HAND PLAYS OUT, SOME LESSONS YOU HAVE TO LEARN THE HARD WAY AND THAT HAPPENED WITH A LOT OF THOSE INVESTORS. THEIR PROCESS IS OVER AND IT AFFECTED OUR MARKETS AND THAT'S WHY YOU SEE THIS REBOUND, THE AFTERMATH THAT SELLING PRESSURE. >> WITH BEEN TALKING ABOUT OPTICAL, I'VE BEEN TALKING ABOUT THIS A LOT, I JUST HAPPENED TO BE A HUGE FAN AND IT'S AMAZING, BUT A NEVER ENDING JOURNEY. YOU ARE HELPING PEOPLE BECAUSE YOU HAVE FUN WITH THIS. >> WE LAUNCHED OUR OPTICAL ETF, GLOBAL STRATEGY, MOMENTUM OR COHERENT BUT WE REALLY BELIEVE THIS IS THE NUTS AND BOLTS, SUPPLY CHAIN FOR THIS DATA CENTER BUILDOUT, THESE ARE NAMES YOU WANT TO OWN, A GLOBAL TREND SO EUROPEAN PLAYERS, ASIAN PLAYERS WILL BENEFIT AS WELL. >> ARE YOU WORRIED ABOUT LEGISLATION? YOU MENTIONED ASIAN PLAYERS, THE WHITE HOUSE IS THINKING ABOUT STOPPING THE CHINESE NAMES WHICH COULD HAVE A POSITIVE EFFECT FOR US TO FOLLOW A BOTTLENECK MORE ACUTE NEAR-TERM. >> CERTAINLY BENEFIT PLAYERS LIKE MOMENTUM AT THE SAME TIME, THESE ARE LOWER MARGINS SO IS A LOT THAT YEAR, YES, IT SOLD HERE, BUT WE TO SELL HIGH MARGIN SO I DON'T THINK IT'S TOO BIG OF A SECURITY THREAT. >> LET'S TALK ABOUT ROBOTS. I'VE BEEN DOUBT ABOUT ROBOTS FOR A LONG TIME LAST YEAR WAS SUPPOSED TO BE THE YEAR OF THE ANNOYED ROBOT, BUT I THINK NEXT YEAR FOR SURE, AND MAYBE THE NEXT THING WILL BE UNITARY, I THINK IN HONG KONG, 8000 TIMES OVER SUBSCRIBED. IT'S HUGE. YOU HAVE A ROBOTIC ETF AS WELL. >> IT WAS PART OF MY TRIP RECENTLY TO ASIA TO GET OURSELVES IN ALLOCATION TO THAT IPO, WE THINK IT PUTS THE NEXT PART OF THE AI TRADE WILL BE THE PHYSICAL EMBODIMENT AND WE THINK THAT PART OF AI IS NOT SPOKEN ABOUT. >> IF YOU LISTEN TO ELON, AMAZING. THE PHYSICAL AI, THE NEXT PART OF THE STORY. >> ONE 100%, A BIG PART IS DEMOGRAPHICS, AND ASIA, JAPAN, KOREA, CHINA STRUGGLING AND A LOT OF DIRTY JOBS JOBS OF WHAT HUMAN LIVES AT RISK, THIS IS WHERE THEY CAN FILL THE GAP. >> I RATHER SEE THAT THEY SHIP THE JOBS OVER TO A DIFFERENT COUNTRY. BEFORE I LET YOU GO, YOU HAVE MAJOR CONCERNS? >> THERE'S A LOT OF POSITIONING IN THIS SPACE AT THE SAME TIME AS LONG AS THE HYPER SCALARS AND, WE KNOW WITH A THAT OFFICIAL AREAS ARE AND WE KEEP