All four classic collapse drivers are firing at once while equity exposure hits record extremes

Inflation liquidity tech credit risks stacked simultaneously for the first time in 50 years

US and Canadian investors at ~60% of assets in stocks near all-time highs

Korean household loans exploding nearly 3x in one month straight into the market

QQQ relative to M2 looking eerily like the dotcom peak

The biggest setup in decades is fully loaded

One quiet break will ignite the cascade