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Surveillance: Stagflation with Shah

Bloomberg Surveillance

00:00

The S&P Index and the Yankees Starting Line-Up

The Yankees are two games ahead of the Red Sox. There's three teams out of the Yankees, which says it all in the miserableness of Doug Kess and Tom Keene. If you're buying stocks here with the S&P at 41.35, I recommend prayer. The bottom line is that we've moved back this week into a net short position after being cautiously optimistic and non-consensus most of the year.

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