For this week’s Trading Take, Michael Harvey, Head of Franchise Trading at Galaxy, joins Alex Thorn to unpack a market that feels “priced to perfection,” with equities near highs, benign macro data, and retail strength pushing risk assets higher. They discuss how easing financial conditions, fiscal stimulus, and a weakening dollar are creating a supportive backdrop, even as structural risks, like trade tensions and rising deficits, linger. The conversation also explores the rise of crypto treasury companies, including the growing interest in ETH holdings, and questions how many of these single-asset firms the market can sustain.