All domestic Nasdaq ETFs hit the daily limit-up today, with on-market premiums surging to 10%. Chinese investors are afraid they 'won’t be able to buy U.S. stocks in the future,' leading to a frenzy of buying. Reflected in U.S. markets: ➡️ The core buying force this round comes from capital reallocation out of mainland China ➡️ The 2.1 Hong Kong-U.S. Internet ETF that no one wanted before is now out of reach ➡️ In the options market, bullish calls on Micron have been laid out across the board, from 750 to 1400 But the government has already stepped in with warnings... When retail investors start panic-buying... The market always peaks in optimism, but no one knows where the top is.