Danny Moses, the legendary investor behind 'The Big Short,' just dropped an interesting take on where the real market danger lies today. Forget the doomsday crash narratives floating around—he's pointing to something different that's actually worth paying attention to.

His argument? The bigger threat isn't a sudden collapse. It's the disruptive rotation happening across markets. When capital starts flowing unpredictably from one sector to another, from traditional assets to crypto, from equities to alternatives—that's where the friction and volatility show up. It's not dramatic in the headlines, but it's messy in real time.

This matters if you're positioning anything right now. A full market crash is at least predictable in some ways. But a chaotic reallocation? That catches a lot of portfolios off-guard. The real risk is being caught holding the wrong exposure when the tide shifts.