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Fading the New Year's Bounce

What Goes Up

CHAPTER

Is the S&P 500 a Better Proxy for the Average Stock?

We've been a big advocate over the last year and still are of the equuated S&P, which basically is a proxy for the average stock. It's not just buying that index and sitting back as we just don't see tech as leadership, likely even for the next cycle. We were seeing this rotation and we just expect that's likely to continue.

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