The repo market just tanked—and that's after the year-end window dressing finally wrapped up. You know what's coming next, right? All those doom-sayers will be dusting off their end-of-world forecasts and ready to roll them out again. It's almost clockwork at this point. Every time the market hiccups a bit, there's a fresh wave of catastrophic predictions flooding the timeline. Whether repo volatility actually signals something serious or just reflects seasonal liquidity dynamics, one thing's for sure: the cycle will repeat. Market cycle meets market psychology, and the cycle always wins in the short term.