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Self explanatory chart of the S&P 500 futures, from the last quarter. Market has priced out war and a sticky oil price and gone with CPI deflationary prints, Federal Reserve cutting/pausing rates and the surging tech sector high on an "AI" chip war revving up. Also to note, is the $8 Trillion, of Fed 'pandemic stimulus' that was to the banks, parked in cash and money market funds. *link in post*

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