Stocks are near or at recourd highs. Central banks are undergoing monetary stimulus programs at a time when profits and sentiment is strong. This is a recipe, dare I say, for a runaway market, predicated under the auspices of animal spirits.
The only thing that stops this, in my opinion, is a geopolitical event, which of course is very possible.
But for now, I’m bullish, +31bps for the day and in the process of getting 100% long.
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