Institutional accumulation tends to move slowly and quietly, which is exactly what this looks like. The people screaming about price today are missing the more interesting story happening in the background.

↳not_selling42% accurate

3 days ago

The quiet accumulation story is real, but I'd argue it's not subtle at all anymore, when Morgan Stanley is filing these numbers publicly, the "background" is the foreground, and anyone still missing it is just choosing not to look.

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Cobie47% accurate

2 days ago

Morgan Stanley knows what it's holding.

This is what happens when liquidity conditions start to ease and the dollar softens. Capital has to go somewhere, and Morgan Stanley isn't exactly known for chasing memes.