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Kansas City Southern and Market Psychology

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“Glut” or “Seasonal Build” ?

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T-Bill/10yr Spread Is A Lesson In Behavioral Finance

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Ignore The Fear

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“The Court Finds Nothing In The Stock Certificates Suggesting They Could Have Reasonably Expected The Net Worth Sweep”

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Oil Update

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Oil Update

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Chemical Activity Barometer Record h]High, US Real GDP & Real Private GDP Highest This Cycle-Meets Skepticism

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Indexes vs Portfolios

“Davidson” submits:

Across the investment cycle, every index composite is adjusted to reflect institutional interests. This always generates problems when comparing portfolio performance to any index as the cycle progresses.

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If It Goes Up, Valuation Goes Out The Window

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Gold, Oil & Inflation

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Crude Inventory Below 5yr Avg

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Portfolio Shift (updated)

“Davidson” submits:

I am suggesting a major shift in portfolios today!

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“Econonmics in One Lesson”

Here is a section of the book that applies more than a bit to today….

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US Dollar Remains The “Elephant In The Room”

“Davidson” submits:

Economic activity always is a composite of moving parts. Currently it appears we have more moving parts than usual. Indeed so! We have multiple policy shifts in the works with the potential for beneficial outcomes. But, if these occur, it will be likely a couple of years before the final outcomes are known with the path uncertain.