The Compound and Friends cover image

This Is a Hitchcock Horror

The Compound and Friends

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Bonds or Stocks?

The average American is so far still in okay shape. But if you look at the correlation of S&P to TLT, just look at that 50 day price. We're more than two sigma's off that mean to the upside right now. How often are stocks and bonds both in a downtrend? It's very rare.

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