Reflation is roaring: Global rally showing no signs of exhaustion w/MSCI ACWI on track for its 12th up session in a row. Germany’s Dax on course to new ATH. Bonds shaky w/US 10y yields at 1.23%, highest since Mar. Oil remains at elevated level w/WTI >60. Gold 1820, #Bitcoin $49k. h/t Holger Zschaepitz
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