You can leave that "Muh Conventional Wisdom" MarketFag chit behind. Total waste of time.
Heading into probably the largest ever H(edge)F(und) redemption window, ever, because of the biggies gating their disastrous Commercial Real Estate Fund withdrawals to near nothing per quarter, so the money's going to be coming from somewhere else.
Including US Treasuries, which one normally doesn't see selling off at the same time as stonks, except for normal redemption windows, of November and May.