🤯 The Bubble Inside the Boom

May 24, 2025 >> The Most Dangerous Bubble Is the One You Don't See

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Dear all,

While headlines cheer higher equities and resilient data, I see something else. Deep tremors under the surface. Shifts that remind me this isn’t just about volatility - it’s about vulnerability.

Bond yields are screaming. Deficits are detonating. And capital is quietly - but decisively - on the move.

In this piece, I want to take you beyond the headlines and into the mechanics that matter. What’s really driving asset flows. Why certain assets are breaking out while others coil like a spring. And what investors with clarity are doing - while others chase the illusion of stability.

This isn’t just a recap. It’s your edge.

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