When households get $11K-$20K back in tax refunds, most will spend it—new TV, debt payoff, the usual stuff. But here's what actually matters: that's tens of billions flowing into the financial system.

Retail liquidity always spikes when people suddenly have cash. Some sit on the sidelines and debate their next move. Others spot the pattern early and position accordingly.

This is the real difference between spectators and participants. While everyone's focused on how they'll use the money, smart money is already calculating where it lands in markets. The wave builds quietly before it becomes obvious to most.