@freakyfractal
Stocks keep melting up (S&P 500 - new ATH 6,309) while real yields drift sideways (UST 10-y 4.38 %). Dollar can’t catch a bid (DXY 97.6) and gold is screaming at a record $3,347/oz. Risk is “on-ish”, but under the hood capital is chasing yield + AI leverage rather than blanket beta.
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