Same As It Ever Was?

You may wake up and see futures down 60 points only to find they’re bouncing off the bottom of a rising channel and backtesting the (now) support of the 200-DMA.

You may find that VIX remains very much under control even though a global pandemic that central banks can’t “fix” is ramping up.

You may even find bond yields at all-time lows, but the “talking heads” insisting it’s “different this time.”You may ask yourself, how does this keep happening? You may ask yourself, what would it take to break the cycle? You may ask yourself, will the crash ever arrive? Glad you asked. Please read on, as this is probably the most important post I’ve written in a while.