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Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye Senior Macro analyst Darius Dale. Click here to learn more.

 

"... And what about the “paradigm shift” U.S. equities are currently undergoing right now? You know – the one where fundamentals cease to matter; all that matters is the collective fear of monetary easing or fiscal stimulus."

CHART OF THE DAY: A Key Consideration At All-Time Highs In U.S. Equities - 8 16 16Chart of the Day