Past fortnight really threw a wrench into the optimistic outlook most traders were riding. Major investment bank analysts are flagging that several core bullish assumptions just took serious hits.

We're talking about narratives that shaped positioning across equities, crypto, and commodities—stuff like sustained liquidity flows, dovish monetary policy expectations, and risk-on sentiment dominance. The data flow lately? Not exactly cooperative.

What's interesting is how quickly sentiment can flip when macro signals start contradicting the consensus view. Volatility picked up, correlations shifted, and suddenly those confident bull case projections need serious recalibration. Market structure's getting tested in real-time.

Not saying the uptrend is dead, but complacency definitely got checked. Risk management matters again.