Einhorn says the market is at the fartcoin stage of the cycle. His fund bought Peloton and made these moves. - MarketWatch
1. Greenlight Capital expressed concerns over AAPL's high valuation despite no revenue growth. 2. AAPL's P/E multiple increased from 22 to 37 amidst stagnating revenue. 3. Greenlight maintained lower market exposure citing high cyclically adjusted valuations. 4. Other positions include Peloton and CNH Industrial, reflecting selective investment strategies. 5. Market optimism persists with tech sectors boosting Wall Street gains.