rate-cut expectations keeps surprising consensus on retail participation

Keeping a written thesis helps avoid narrative whiplash.

Cycles rhyme, but the plumbing underneath keeps changing.

Against the backdrop of “Bitcoin price threatens $77.7K support loss with recent buyers underwater” and “Disney Layoffs Could Hit Thousands, With Some Managers Told to Cut 20%”, positioning still matters more than slogans.

Most blow-ups start as comfortable consensus.

Keeping a written thesis helps avoid narrative whiplash.

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