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The market this summer is shaping up to be what we predicted - like a rollercoaster. Up, down, all around - you end up back where you started, and it probably cost you money.
We stated several weeks ago that the inflation trend was getting long in the tooth, as investors were crowded into those positions. We noted that their conviction would get tested. Friday was a big test.
Low-volume summer markets are prone to wide swings. Best not get caught up in it.