How crazy the retail investors are. The triple leveraged ETF SOXL, which makes semiconductors more than $1 billion in net inflows, a record since its establishment in 2010. Cerebras went public with an initial initial public offering of $185, closing up 68% on its first day, raising more than $5.5 billion.
When everyone's money is squeezed into the same leverage corner, as long as there is a slight disturbance, such as a rise in debt yields, the market will experience a tragic situation of people stepping on people. This is the end-of-the-life of crowd irrationality overrides risk pricing mechanisms.
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