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Discussing surprises that are already known but not being considered by most investors and their advisors. Thus, their lack of reaction is the real surprise.
These, along with other uncertainties, need to be considered in making day-to-day investment and other decisions.
As I cannot avoid being a global consumer and investor, I must look at both the US and other markets for our clients. And because we invest in mutual funds for our clients, we pay a great deal of attention to their results.