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Yearend Plays: Tech, REITs, Com Services; Value Over Growth

With about two months of trading left in 2019, investors are in a strange position. True, calendar 2019 has been pretty good, with the Standard & Poor’s 500 Index up a robust 20%. However, stocks continue to hang just below the all-time highs, unable to burst through.

Even though it’s been a good year, that’s in part due to last December’s bear market. So the bear warning cry is reduced to this: The market hasn’t really gone anywhere in 18 months.

That’s true but my base case for t...

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