📖 Markets
often move on stories.
New narratives
create momentum.
But eventually
structure takes over:
🔹 balance sheets
🔹 liquidity
🔹 cash flows
Stories start cycles.
Structure ends them.
often move on stories.
New narratives
create momentum.
But eventually
structure takes over:
🔹 balance sheets
🔹 liquidity
🔹 cash flows
Stories start cycles.
Structure ends them.