Ah, now that’s better. New jobless claims dropped last week by a robust 36,000, pulling the total under the 400,000 mark on a seasonally adjusted basis for the second time since the Great Recession was formally declared null and void as of June 2009. Is the second time the charm?

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The more you look at it, the larger it looms. Yes, rebalancing is an old idea—buy low, sell high. But it’s forever new for at least two critical reasons. One is simply bound up with the recognition that rebalancing works, or at least it has a long history of working by enhancing return while keeping a lid on risk. But it’s not always clear what constitutes “optimal” rebalancing, or even if such a state of financial nirvana exists. That keeps analysts turning over rocks in search of progress.

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