My conspiracy theory is that hes sitting on a mountain of Hillbilly Elegy DVDs and this is his plan to finally sell them all.
But yeah, he believes in whatever is making him money at any given point because hes simply 10 pounds of slime in a 5 pound sack.
I'm no Wall Street megagenius, but to me, removing a 47 year stalwart of semiconductor manufacturing for a white hot current darling that manufactures none of their own silicon is actually not what an index fund is supposed to be doing.
But money is all made up anyway so what do I know.