The decoupling continues, aided by the power of the dual theme market:

Per the FT, "The Vix index, a barometer of implied stock market volatility known as Wall Street’s “fear gauge”, sank below 15 this week, far below its long-term average and a level last seen before the US-Iran war began in late February." #markets @ft #economy — via @elerianm

VIX below 15, below long-term average, signals dec