A single viral blog post recently triggered a $300 billion market sell-off, exposing the extreme fragility of software valuations in the age of AI. As investors flee 'asset-light' companies for the safety of Heavy Assets and Low Obsolescence (HALO) stocks, a parallel crisis is unfolding in the private credit sector where Blue Owl Capital has been forced to freeze redemptions. This briefing examines the shift from digital abstraction back to physical reality and the growing danger of the retail liquidity trap.