3Q 2019 Market Letter

I HAVE TO ADMIT IT’S GETTING BETTER (IT CAN’T GET NO WORSE!)

Actually, as far as the global economic data is concerned, it can, it is, and it probably will continue to get worse for a while longer, as timely U.S. readings reveal softening activity within what is already an unnervingly slow global economic scenario. The same may not necessarily apply to investors’ outlook…

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