There are markets where investors want every price move to mean something. A stock falls and people rush to explain it. A sector rallies and suddenly everyone decides a new cycle has begun. A headline hits the tape, and within minutes there are ten confident theories about what it means, why it matters, and which stocks should move next. That is the market we are in now. It is emotional, rapid, crowded, and increasingly concentrated around a small number of stories. SpaceX the most recent. Let’s face it, if you bought it, you are doing well. Congratulations.
AI Is Real, But Attention Is Finite
