Market Signals: Small Caps and Breadth

Darius examines whether rising geopolitical tensions signal a fracture between the U.S. and Europe. He explains why the risk of Europe drifting toward China in a multipolar world is increasing, how this dynamic intersects with a growing supply–demand imbalance in the U.S. Treasury market, and why investors should prioritize disciplined, data-driven risk management over headline-driven narratives as markets navigate the Fourth Turning environment.