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Below are some of the most interesting articles, quotes and charts I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning.

The short vol trade is not only back, it’s bigger than ever.

But there are a growing number of potential risks…

…including persistent inflationary pressures…

…weakening in the labor market…

…unprecedented fiscal challenges…

…and growing geopolitical conflict…

…that threaten to upend it yet again. Plus ça change.