The equity put-call ratio had fallen to a multi-year low recently. Is the market getting too complacent?

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Price Discovery “Has Simply Vanished” Klarman Blasts “800lb Gorilla” Fed For Breaking Market

In his latest letter to investors, The Financial Times reports that the billionaire manager blasts the world’s central banks (focusing mostly on The Fed) for flooding the financial system with money since the onset of the coronavirus pandemic, arguing that the central bank’s moves have made it difficult to gauge the health of the US economy.

Wall Street Is in Its Riskiest Mindset in 20 Years: BofA Survey

About 20% of respondents in Bank of America’s latest global fund manager survey out Wednesday said they were taking higher than normal risk. Not only does that continue the upward march in risk appetite started…

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