$ARKK as a risk appetite gauge—and yeah, we might actually be setting up for a proper risk-on run here. When Cathie's fund starts catching bids, it's usually retail and growth money waking up. Not saying we're there yet, but the setup's improving. If $ARKK breaks above resistance and holds, that's your signal that speculative flows are back. Watch for confirmation with volume and breadth before going all-in on high-beta names.