> markets have returned back to normal

From my readings and general pulse checks, it’s quite the opposite. Old risk calculations have been thrown out, and there is no new normal. Everyone operates under the assumption that market is god, and it will be bailed out in case if things go sideways, so exposure to equity is high.

Imagine if the USG bailed out everything except AI.

https://www.theverge.com/politics/773154/maga-tech-right-ai-...