Worst Likely Over, but Potential Choppiness Ahead

“The battles that count aren't the ones for gold medals. The struggles within yourself – the invisible, inevitable battles inside all of us – that's where it's at.” ~Jesse Owens, Olympic gold medalist (1936)

Good evening,

After the Federal Open Market Committee meeting on Wednesday, July 31, we had expected markets to rally. Instead, they got bludgeoned over the next three trading days. It was an inauspicious start to August, already associated with historical/seasonal challenges (in non-b...

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