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Since the start of the recovery in equities amid massive liquidity injections from central banks to avoid a deflationary depression, investors have been constantly challenging the momentum calling it a "bear rally" that will eventually end and converge back to the economic reality. We have been against this narrative, as we are convinced that the market can diverge from economic reality, especially considering how aggressive the Fed has been since the start of the pandemic. One popular chart that has been making the headlines is the one that overlays the SP500 now with the 1929