Trend · Nov 5, 2026 02:21 UTC

spot ETFs is overpricing retail participation

The loudest story is not always the decisive one.

Ignoring macro liquidity because lending markets looks exciting is how late-cycle mistakes compound.

Put beside current chatter on “Fidelity's Timmer Doubts 60/40 Revival as Stock,” the incentive problem looks clearer.

Historically, stretches where weekend thin books leads without support from stablecoins invite sharper reversals.

Keeping a written thesis helps avoid narrative whiplash.

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