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Despite protests throughout the United States (over 300 cities protesting), the S&P500 recovery continues. Leading to many entering the market at valuation levels many would consider absurd in normal times. Yet, it feels the market sentiment is long-term positioning rather than excessive speculative moves many people fear. In other words, there is still room for more upside, a further disconnect from reality, as perma-bears like to say.
With the economy at its weakest point in…
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