The market hasn't collapsed because everyone is waiting for a bigger story.
Why has the market been "neither dead nor alive" recently? Because everyone is waiting.
Waiting for what?
Waiting for interest rate cuts, for wars to unfold, for regulations to become clear, for AI to truly go live.
In other words—there are not fewer stories now, there are too many stories.
When there is an excess of narratives, the market enters a state: "believe everything = believe nothing."
The most interesting part is: bears are withdrawing orders, bulls are hesitating, regulators are speaking, AI is accelerating.
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