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It’s GLD, b*tch!

The Compound and Friends

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Consumer Staples Going Up Is Not a Bearish Thing for the Stock Market

Consumer staples going up is very consistent with the stock market going up. If they're going up on a relative basis, though, that's a different story. The industrials have the highest correlation with the S&P of all of the individual sectors. So when you compare consumer staples and low volatility relative to industrials, they're breaking down. They don't look good. And every single one of these is an eventual private equity company.

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