One second of causality invalidates a lifetime of models. (stop the cope)🚨
RISE is causal, if it only happened once — even if it was correct for just one second — it would already prove that every other framework is backward-looking.
Because prediction can only explain after the fact.
Because valuation can only rationalize after the move.
Because models can only update once variance has already collapsed.
As a result,
Markets are …
