June alert: Three parties are “scrambling for money”—the real danger isn’t the Federal Reserve!

The massive issuance of US Treasury bonds, SpaceX's IPO, and the high valuations in AI are all simultaneously draining liquidity at a frantic pace, while the market's capital buffer has already bottomed out. Once liquidity dries up, which assets will collapse first? This article explains the true level of the capital pool in June, helping you avoid the coming stampede.