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Quote of the Day

"Instead of trying to pinpoint the root cause of of volatility or downturns, we’d be better served looking in the mirror every once in a while. There are too many variables beyond our control for us to ascertain the true causation of market events."

(Phil Huber)

Chart of the Day

Since the market peaked in September low vol has crushed high beta. (via @allstarcharts)

(twitter.com)