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When the Fed is to accomadative AND the consumer is strong, this is when you have melt ups
This is where we are right now
everything is laid out below
20.7. klo 01.50
The market is made up of various agents
Each of these agents has different expectations and constraints
When these agents diverge, markets shift and price the differential. It is when these agents capitulate at the same time you get massive melt-ups and melt downs
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