I've talked a ton about complacency lately.
So have a lot of other commentators and market participants.
What's particularly interesting is the juxtaposition between America's exceedingly non-complacent attitude towards the new administration's Executive Orders and US investors' sleepy approach to equity risk.
True, the first two days of Donald Trump's second week in office were met with some selling and a little stir in the VIX, but as Bloomberg's Richard Breslow put it on Tuesday morning, "the Dow slipped back below 20,000. So what? It was at 19,000 a couple of months ago."
Indeed, as Breslow went on to note, "it closed [Monday] only 70 points above its 21-day moving average."
Nothing to see here, folks. Just the beginning of the end for modern politics as we know it.
Over the past couple of weeks, I've mentioned a few things I think are pretty important when…
