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Short vs. Long

“Very interesting”, is how the Chinese would surmise the market activity over the last 2 weeks.  Given that markets have been down roughly 1,000 points since the Brexit vote (give or take 100 points, as it’s not worth quibbling about given the recent volatility), I’m electing to move my normal first of the month letter to you up by a few days to address both what we see in the short term (a lot) and what it portends in…

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