November had been a great month. The US Economy is a Goldilocks situation, low unemployment with disinflation, enabling the Fed to hold off raising rates. Furthermore, it's the time of the year where traditionally stocks rally oftentimes known as the Santa Claus rally... Santa meets Goldilocks. Investors optimism is at all time high, everything is nearly perfect. The AAII sentiment index indicates pessimism is at all time low. Vix is trending at very low levels. This is when we should be reminded and be very cautious ... " be fearful when everyone is greedy. Don't FOMO
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