With all of the late cycle indicators flashing red, this is still a very complacent environment

by BoatSurfer600

It’s clear now in hindsight with all of the late cycle indicators flashing red, that the pandemic was not a true bear market. It was merely the pullback prior to the final melt-up of the post-Lehman rally. A massive sugar rally fueled by unprecedented stimulus

Repo market is becoming illiquid due to the Feds QT. Last time the Fed tried to taper at half the rate the repo market completely froze over

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