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Friday, March 29, 2024

Déjà Vu All Over Again?

Courtesy of Michael Panzner of Financial Armageddon

The last time we saw the sort of divergence we have now, where equity markets remain resilient as credit markets falter, was back in the period from mid-2007 until early-2008 — which, as you'll recall, was not a particularly good time to be bullish on stocks.

Dejavucreditequity

Of course, this time may be different — right?

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