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March Madness, the cultural phenomenon surrounding the NCAA college basketball tournaments (both men and women), has come and gone once again, with the typical surprises, storylines, thrilling games and ultimately crowning a champion (congrats to the men's champion, UCONN, and women's champion South Carolina. What makes March Madness so compelling is the unpredictability and excitement, where any team, regardless of its seeding or regular-season performance, can rise to the occasion and pull off stunning upsets. The tournaments can serve as a metaphor for the outlook of the economy and financial markets.
