i think declining testosterone levels are contributing towards consensus driven market behaviour test levels have been nuking generationally, with gen z showing significantly lower levels than prior cohorts theres a bunch of causality but its mostly lifestyle and environmental. (sun, diet, stress, social, psychological all contrib factors [CT average participant checklist]) test is kinda a meme that people associate with gym bro roid rage but the biological reality is its linked to traits like risk-taking, status-seeking, and assertiveness when it comes to market participation, low average test probably correlates to reduced appetite for nonconformity/minority bets, and drives a market more consensus-driven and based on groupthink might look like: - less contrarian capital more mag7/trend/meme - faster consensus formation around dominant narratives and general trend following (e.g., AI, humanoid robots, launchpads, ETFs, treasury cos) - increased volatility during sentiment shifts, as group think amplifies directional momentum (vamping, KOL tweets, its-so-over/its-so-back) i'm confident physiology will find a way to self-regulate and hormones will find a way to balance out (maybe through content/pop-culture (s/o bryan johnson & solbrah etc) but for the short term look for a continuation of consensus seeking behaviour esp in markets where younger generations engage (crypto/onchain, meme stocks, collectables, prediction markets)