A Familiar Routine… When World War 3 is literally trending on Twitter and futures are in the green, you know stocks are back in their groove of “focus on the good, ignore the bad.” But while reopening remains apple of the market’s eye, signs of progress (NYC Phase 2 coming Monday!) don’t seem to be eliciting as much exuberance as they did previously. The scars of last Thursday’s plunge are visible: the VIX and gold remain elevated, USD has stopped going down, and the S&P is back to counting on FANG mega-caps to drag it higher today (AAPL new ATH). So while the narrative is the same, the grind higher feels different…
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