🚨The number of US ETFs is going parabolic, and it exceeded 900.
The risk appetite has been rising, and the industry has been responsive. However, I would not be shocked if the number of ETFs drop below 100 after the next bear market. https://t.co/ZHWs1nnAqo
— BraVoCycles Newsletter (@BraVoCycles) December 28, 2025
🚨 Margin Debt Keeps Making New Highs!
Bears would like to see it to roll over.
Bulls would like it to keep rising. pic.twitter.com/i4XDhH9Fap
— BraVoCycles Newsletter (@BraVoCycles) December 28, 2025
The market is riding on borrowed money and hype. When the bets are bigger than the players, it only takes a spark to blow everything up.
Alibaba (BABA) pulled back.
Is it a buying opportunity?
I don't think so:
– The bounce was remarkable but corrective, and
– Cycles suggest waiting a year before another trading opportunity emerges. pic.twitter.com/vLU5Y1LwgP— BraVoCycles Newsletter (@BraVoCycles) December 30, 2025
⚠️Cash on the sidelines is almost nonexistent:
Money market fund total assets as % of the S&P 500 market cap stand at just 12.5%, a historically low level.
This is nearly half the level seen during the 2020 Crisis and well below the average over the last 18 years.
At the same… pic.twitter.com/ndsbqiXztH
— Global Markets Investor (@GlobalMktObserv) December 24, 2025