Core Insights - Risk assets have faced significant pressure since October, with the S&P 500 only about 3% from its all-time high, while many stocks have declined more substantially, particularly speculative names which have dropped by 40-50% [1] Group 1 - The S&P 500 index is currently near its all-time high, indicating some resilience in the broader market despite the pressure on risk assets [1] - Speculative stocks have experienced severe declines, with losses ranging from 40% to 50%, highlighting a shift in market sentiment [1] - The investment approach discussed focuses on long-term strategies, emphasizing low-risk ETFs and CEFs as preferred investment vehicles [1]

Group 1 - Bullish (NYSE: BLSH) had its IPO on August 13, initially spiking to $118 before trading down over 50% to $51 [1] - The significant price fluctuation does not necessarily reflect the company's underlying value, as many IPOs experience similar volatility [1] Group 2 - The author emphasizes a long-term investment approach, focusing on macro ideas through low-risk ETFs and CEFs [1] - The author has nearly ten years of experience trading stocks and currencies and currently manages a family fund [1]