I think there is a number of reasons this blew up, but I think the biggest one is the lack of good news.

We all see weirder weather than we used to and man made climate change is implicated.

War in Ukraine.

Tensions with China.

Political turmoil in the U.S. with small minorities driving the news cycle with crazy talk.

We just got through COVID, and hopefully end of the inflation scare.

Housing prices suck the hope out of most on a daily basis.

Suddenly, a miracle material seems to appear that could change the game at so many levels, not owned by one corporation or country. And its a magnet, and everyone loves magnets....its the one things we've all experienced that feels like magic...and that magic was going to save us.

So yeah. That's my diagnosis.