China Breakdown

Yesterdays close of the ETF FXI below 41.03 is probably the most significant event of the week.  Saber rattling between Iran and Israel and quarter end portfolio shenanigans were the other factors.

Tomorrow we will try to list our end of quarter positions for the various funds.  Basically we are at varying levels of short on commodities, gold, and stocks, and long the dollar.

8:59 AM CDT

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