We propose the persistent presence of randomly fluctuating, large‐amplitude, long‐timescale wavy spiral magnetic fields in the solar wind at all heliographic latitudes. These Alfvénic fluctuations can be generated by gradual evolution of solar coronal holes or by interplanetary Kelvin‐Helmholtz instabilities occurring around the two conical interfaces at ∼±30° where strong wind shears appear quasi‐periodically during the solar minimum. Using this scenario, we offer interpretations for several recent high‐latitude observations of quasi‐periodic (i.e., ∼26.6 days) energetic particle and cosmic ray modulations from Energetic Particle Composition instrument and Cosmic Ray and Solar Particle Investigation sensor systems aboard Ulysses spacecraft.