This is NOT a bull market. It’s a lifeboat.

Stop looking at the headline index number. It’s a market-cap weighted lie masking a silent depression in the real economy.

Remove the "Magnificent 7," and the S&P 493 is effectively flat.

Nvidia driving 20% of the gains isn't a sign of strength; it's a sign of desperation. The market breadth is thinner than it was before the dot-com crash.

Smart money isn't buying "growth." They are fleeing debasement.

Institutions are crowding into Big Tech because these companies have become sovereign entities with better balance sheets than the US Treasury.

They are treating AI stocks like gold bars because actual government bonds are mathematically broken.

This is the most crowded "safety trade" in history.

When the AI capex narrative cools, that capital has to rotate. It won't go back to cash (which is melting) or bonds (which are yielding negative real returns).

It will flow to the only other asset class that functions as a sovereign store of value but has zero counterparty risk.

The rotation out of Tech and into Bitcoin hasn't even started yet. Position yourself before the lifeboat gets too full.