Probabilities suggest August tends to be tough = be wary. But we expect drawdowns to be shallow.

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Today's note will include a short video update. We discuss: Why August probabilities suggest investors be somewhat wary.  There are some key economic data in the next two weeks, and the USD and oil need watching.  But the key is how one is positioned for a drawdown. (Duration: 5:37).

Anecdotally speaking, it seems clients refer to August as a "month to lose money." Last y...

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