The Risk of Concentration in the Equity Rally

Achilles: Why would the FEDIs? That's just a dull, yeah, Mario Smart Man. Achilles asking, what do you make of the concentrated rally, especially in video? We got to talk before that it's not different this time, but do you see that as a risk that the equity rally is so concentrated in such a few names? So not in isolation. I do see it as a risk today. In fact, we are in Spurgeon model, which was what we discussed earlier, actually triggered what we call a GTFO signal.