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So, what’s the deal? After a particularly bruising earnings report yesterday-followed by an investor call full of “Hey, don’t worry, everything’s fine” pep talks-the stock did what stocks tend to do when there’s too much hopeful speculation and too little actual meat on the bone. It tanked. A lot of investors were hoping for quick action, but all they got was some vague promises and a target date that could, in some twisted universe, feel like an eternity from now.

Among the hopefuls in this skybound scramble is Joby Aviation (JOBY), a company currently in the “early innings” of development, which is investor code for “we haven’t made any money yet, but we’re working on it.” It’s not certified to fly its aircraft, though it may be by next year. The potential is there, of course-everyone wants to be the first to sell a ticket to the clouds, even if the clouds are still a bit blurry on the blueprint.

The renaissance is incited not by whimsy, but rather by a confluence of motivations, unsettlingly intertwined, that drive the global crucible of energy deliberation.

The 13-F filing, a ledger of capital’s migration, revealed this duality. While the sale of 20 million Apple shares ($4.6 billion) and the pruning of Bank of America’s stake ($1.25 billion) seemed stark, they were but pruning shears in the hands of a craftsman. T-Mobile’s complete divestment ($1 billion) was no abandonment, but a step back to see the forest for the trees.

Ethereum, too, has found itself trapped in a similar narrative, boasting more functionality than Bitcoin, yet carrying within it an undercurrent of fear-one that suggests its inflation hedge properties are just as frail. How are we to assess these two volatile entities? Let us proceed cautiously, though there is no guarantee that our journey will lead to clarity.