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Oof, there's nothing better than a good thrashing from the markets to instill some humility in us, right?

That dreadful feeling when a fleet of oil tankers is too deep into a narrow canal to turn back, too late to change course, and you're not sure if the canal is wide enough...

 

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US Treasuries | Now deemed return free risky assets

Nothing like a good market thrashing to instill some humility