War whispered, and risk assets sold off,
liquidity thinned, spreads widened,
and red candles printed with steady conviction.

Sentiment turned fully risk-off,
capital rotated to safety,
fear priced in as the base case.

Then peace entered, unpriced, unexpected,
a macro shift that flipped positioning overnight.

Shorts began to unwind under pressure,
forced buybacks accelerated the move,
and price reclaimed what fear had discounted.

The market repriced reality,
faster than sentiment could adjust.