US Stocks regained their bullish stance with risky debt putting in a stellar week relative to the safety of US Treasuries. Volatility also dropped to lowest levels since early January, another bullish sign. Our Risk Gauges are now 100% bullish. This seems to have given us the answer to last week’s question of whether the first 4 days of September was an early warning sign of further weakness or even worse, an imminent black swan
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