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The Bear Is Alive (Unfortunately)

By Investments

TGIF takes on a new meaning as we close another lousy week in global markets in a bad month and bad year.   There are precious few assets that have not lost money, and about the only asset class with positive returns for the year, energy, had a terrible week.  We will take the opportunity over the next week to continue…

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Markets vs Economy — Illusion vs Reality

By Investments

As we head into the end of the week, the S&P 500 is close to holding a key support level around 2950 in the face of record GDP decline and unemployment.  The global economic toll does not lend itself to a story about an only one-month bear market followed by immediate, rapid recovery as we proceed towards large scale re-openings. …

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