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How much can one say about lifetime highs day after day? The bulls still have their sails utterly filled with the strong breeze provided by Fed liquidity, a complacent and giddy media, and the fact that lifetime highs tend to beget more lifetime highs, since there’s no overhead supply to conquer. Here’s just a taste:
All of which boils down to a VIX which is sub-teens and at the kinds of levels seen in the lowest depths of 2018 and 2019.
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