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Going Back to the Market Circus or Remaining on the Sidelines?

-EXCLUSIVE- It’s been a while since we made an S&P 500 update. In fact, the last time was when we opened up a small inverse position on SPY through the ticker SH almost a month ago. One of the reasons that we didn’t make any update is that nothing in our view of the market has changed since. In fact, despite being today -2.6% on that trade (-1.5% for real since today was the Ex-Dividend date and 1.07% was taken out of the share value and will be coming as a dividend in 7 days), two days ago we were in the green.

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