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Yeah, I think so.
If the marginal buyer is rule-based capital, then both sides get amplified.
On the way down: constraints force selling → pressure accelerates.On the way up: inflows and re-risking can stack quickly → moves extend.
The key shift is that price isn’t just sentiment-driven anymore. It's flow-driven.
Yeah, I think so.
If the marginal buyer is rule-based capital, then both sides get amplified.
On the way down: constraints force selling → pressure accelerates.
On the way up: inflows and re-risking can stack quickly → moves extend.
The key shift is that price isn’t just sentiment-driven anymore. It's flow-driven.