“It Just Keeps Getting Crazier”. Options Speculation Reaches Record High

Despite the fact that the bond market refuses to sell-off (as it should in a well-behaved market sending stocks to record-er and record-er highs each and every day), the levered long crowd has never been more “all-in” than they are right now. While stocks are at record highs, bond yields are plumbing 2 month lows… […]

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