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Well, maybe bonds I suppose but “cash” seems comfy enough for most investors unless you’re willing to be short. Tuesday “real data” hit markets and with it the stronger likelihood of a recession.

For all investors this has been one tough market to ride given the massive two-way moves.



Market internals were decidedly negative and I’m not sure how correct these figures are but we probably had a 10/90 day at least in up/down volume.





































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David Fry

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