Melt-Up, FOMO And Other Climaxes

November 03, 2017   |   November 2017 Bond Updates
• Many strategists are calling for a year-end melt-up, but it already happened • There have been 76 melt-ups since 1900: the current one is already the second longest on record • Stocks have achieved a Sharpe ratio of 4.5 this past year • There is little sidelines cash and leverage levels are high

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