The major US equity indexes all finished lower this week after a major sell off to start the week. After being down almost 3% Monday, the S&P 500 (SPX) was up over 1% on Tuesday and Thursday. Overall, sector performance was mixed and gold was up over 3.5% this week. We have expected increased volatility going forward and we definitely saw that pan out this week. However, our positive core fundamental thesis remains in tact.
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