🚨 The biggest risk in the market has never been panic, but "everyone being overly uniformly optimistic" 👀

The current market is almost dominated by the same macro narrative:

📉 Interest rate cuts are coming
📉 Yields will decline
💧 Liquidity will be re-released
🚀 Risk assets will continue to rise

This situation could indeed happen.

But when almost everyone bets on the same outcome in advance...

That outcome itself becomes fragile.

Because a market decline doesn't necessarily require bad news.

As long as reality is "a little less perfect" than expected, it is enough to trigger a correction.