oil

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rates in some way. They depend on oil prices not going up. whatever the case is. But the economy is fine and AI is good. Consumer spending is good. The Johnson red book is still humming along. Everything's fine. Here is the Morgan Stanley leveraged uh index or leverage factor, the white line overlaid with the S&P. It's going down while the S&P is sitting at highs. Now, you could sit there and say that this means that this is going to fall down. I would say that what's happening is rates go higher and it becomes an

They depend on oil prices not going up.

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