On our intraday upgrade Monday, we intentionally used the title, Into the whoosh – weakness creating year-end opportunity, because our buying game plan for buying is to add exposure on meaningful weakness rather than chasing ramps.  The S&P 500 (SPX) is up roughly 2.5% from Monday and we believe there is sure to be further volatility that should offer solid entry points over coming weeks as; (1) we begin EPS reporting season and hear about margin issues from supply chain and labor market disruptions, (2) speculation about monetary policy tapering at the November FOMC meeting, and (3) we continue to watch the disfunction in D.C.

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