Now, it’s not just a matter of market cycles. It’s a matter of exposure, risk, and a financial system increasingly tilted toward the reckless pursuit of short-term gains. Those who remain exposed are gambling with their futures—and they might not get a second chance.
We’ve hypothesized since last August that the reason we’re seeing such violent sentiment swings is for a few factors
> Households’ are all in equities
> Households’ are passively invested, and the risk skew is actually seeing near retirement gen taking the most risk
>… pic.twitter.com/H9cQqL7ebs— Don Johnson (@DonMiami3) March 24, 2025
Last week, net speculative positioning in $VIX futures flipped net long for the first time in 5 months and is the heaviest long in six years: pic.twitter.com/MY5hheSn51
— John Kicklighter (@JohnKicklighter) March 24, 2025
GS: Early US Business Surveys Suggest Negative Signals for Future Manufacturing and Services Activity in March pic.twitter.com/0L7ikYJJ8G
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) March 24, 2025