TermMax Daily Topic: Value Migration: Where Does the Money Flow? Why Does Capital Favor Stable Structures? Capital has an instinct: 👉 to seek certainty. In a volatile market, capital can come in, but it’s difficult to stay long-term; but when there are: fixed income; interest rate curves; risk pricing; the behavior of funds will change: 👉 from "short-term speculation" to "long-term allocation." TermMax

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