Even the optimists are bracing for a crash 👀
Gavin Baker, who manages a $4.57 billion hedge fund, says he's hearing unusually bearish views across the investment world.
😨 According to him, the tone from fund managers right now is the most negative he's encountered in 25 years — worse than during the dot-com crash, 2008, or Covid.
April 2 is shaping up to be a key moment. With sentiment this fragile, any deviation from expectations — economic data, policy signals, even a random post on social media — could trigger sharp moves 🗓
Most of the fear is already priced in. That makes the cleaner trade a surprise rally, not a deeper collapse. If you’re looking for asymmetric risk, it’s probably on the long side — not because the outlook is great, but because everyone already agrees it’s bad.
🕯 Expect high volatility on Tuesday. And if the news is just mediocre instead of terrible, markets might rip.