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Global stocks continued their march upwards as bond prices and the dollar fell. Investors are sensing better days ahead inspiring a shift away from bonds/cash to stocks. While we remain focused on monetary policy, trade, and Brexit, we are beginning to factor in how the political winds are blowing as we look over the valley. Many of the Democratic nominees for the Presidency are preaching a sharp move to the far-left abandoning capitalism for socialistic policies that go far beyond just income/wealth redistribution.
We stand with Lee Cooperman and others who are out there arguing