🧵 We’re going to have a large correction — but first, markets go much higher.

Here’s a factual argument against the oversimplified, dogmatic, and frankly dangerous view pushed by “Dr Profit” & others — who are incentivized to talk markets down for engagement & bias.
Let’s unpack it. 👇 1) The “RRP crisis” is fiction.

Yes, Reverse Repo usage collapsed from $2.2 T → $8 B.
But that’s not a liquidity drain — it’s a rotation.

Cash moved into T-Bills & private repo.
More collateral = more efficient liquidity, not less.

This is normalization, not doom.

(Fed MPR Jun 2025 / FRED Oct 2025)