The flows show a cycle of hype and doubt $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$
The current correction may just be a shakeout on the way to a renewed cycle of hype
Yet a formidable wall of worry still faces markets (resurgence risk, fiscal, (geo)politics, expensive valuations, monetary headwinds..)
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In Macro and Markets, even for so-called surprises and shocks, the clues are almost always there for those who are willing to look for them.
e.g. what pressures are building up, where is the crowd (where are they not), what are the technicals doing, where are the ripples...
https://twitter.com/Callum_Thomas/status/1786224249281364128
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