IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
TOTAL POSITIONING IN STOCKS MINUS BONDSSPIKING TO THE THE 2ND HIGHEST CLUSTER IN HISTORY
NOTE, OCT 2018 WAS THE STRUCTURAL PEAK IN STOCKS RELATIVE TO BONDS THESE ARE HISTORIC IMBLANCES BUILDING ACROSS MAJOR ASSET CLASSES AT SIGNIFICANT REISK OF A LARGE DISRUPTION EVENT
