The Inversion Investor

The Inversion Investor

If Derivatives Are “Weapons of Mass Financial Destruction,” Why Do They Dictate the Market?

Peter Pham's avatar
Peter Pham
Feb 16, 2026
∙ Paid

If futures contribute 60–70% of price discovery…

And arbitrage forces equities to align…

Then is supply and demand in stocks truly the driver?

Or is it simply the final balancing act of a leverage system that already moved?

And if that’s true—

Are we misunderstanding where price is actually discovered?

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