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My Compliance Officer thought it was a typo, but I did in fact BUY the S&P 500 (SPY) this morning. This US Dollar strength is going to beget the long side of the US market "Trade", at least to the target level that I issued yesterday of 1299.

Keep a "Trade" a trade however. Commodities down, inflation down, will be the squeeze "Trade" that the Street cannot ignore.
KM