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Quote of the Day

"What’s fascinating about investor amnesia is that it not only causes long-term investors to forget their gains, but that it also has them forget about the pain they endured to receive them. Sure, they might remember the big ones, the trauma, but they easily forget the myriad of bumps and dips along the way."

(Douglas Boneparth)

Chart of the Day

The low-vol trade is once again stretched.