Founders: Goldman Sees $4,500 Tail Risk in 2025, Raises all Targets

Plus Top 10 Questions.

Housekeeping: As we said this morning it could be a trap, but… just had a quick back and forth with our trusted colleague Bai in mainland China. Apparently the government is inclined to ramp up their insurance pilot program aggressively. That may be the reason for the bunched-up bullish reports. We hear from a Founder even JPM has one out. Will revert when we know more.

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