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Staying Cool Amid the Panic

Good evening:

Many people seem to believe we live in especially exhaustive, volatile times. But the rhythms of our moment – pandemic, protest, pandemic, election, insurrection, pandemic, inflation, invasion of Ukraine, market volatility – are nothing new. As Tom Lee, our head of research, likes to note: There’s nothing new under the sun. This underscores the importance of looking at cycles and recognizing that what has happened could happen again. The adage applies to markets in profound wa...

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