Sold what needed to be sold, stocked up what needed to be stocked up. The market has caught on—the panic phase of the bear market is over. Yeah, it’s a bit trashy, but that’s just how it rolls. What can you do? The key is, even during the peak of panic before, mNAV was below 1 for only a few days. Now they’re selling and mNAV is still above 1. Honestly, respect. The U.S. stock market never runs out of retail investors to fleece.