Recently, Wall Street has been hyping up the HALO concept, and you can really see how different the investment logic is between the U.S. stock market and the crypto world. As AI continues to surge forward, not only has it sucked up all the hot money in the market, but it’s also been destroying and replacing many other industries. However, there are only a handful of AI companies worth investing in, which has led to investors developing AI anxiety: 'What if I can’t invest in an AI company?' Non-investors are also feeling AI anxiety: 'What if my company gets replaced by AI?' So, these institutions came up with the HALO (Heavy Assets, Low Obsolescence) concept, specifically referring to industries that can’t be replaced by AI, including restaurants, energy, railroads, materials, retail, and other old-school sectors. The hot money that couldn’t get into AI started flooding into industries completely unrelated to AI, like McDonald’s and tractors . The logic does make sense—you could call it sector rotation. But the biggest difference between the U.S. stock market and the crypto world is that there are no token-issuing groups or coin factories in the stock market. When a hot trend emerges, there are too few projects and too much money, and Nasdaq isn’t going to work overtime to open up IPOs. Naturally, the money spills over, causing stocks related to the trend to skyrocket, and even unrelated stocks have a chance to rise. It’s not like the crypto world, where as soon as a hot trend appears, token-issuing groups and coin factories go full throttle, diluting the funds immediately. Forget about rotating to other sectors—it’s not happening.