Subject: is $4t still real money?
despite the trump's efforts, american markets remain near highs.
now gop-enabled memes and grifts will take a shot at breaking everything via an ipo group sucking ~$4-5t of liquidity. (roughly the gdp of germany or japan)

other than that forced by indexers, Anthropic+OpenAI+SpaceX will be drawing $ from sales elsewhere.
there is no evidence any\all are immune to the hype cycle, now in the era where median buy&hold is in weeks at best.