Investor Strategy: Whistling past the graveyard

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The good news is that even though there are signs that the economy is cooling, it does not look like it is falling over a cliff anytime soon. Three months, six months, or a year from now, is when things may look very different economically. And while we are enjoying this recent market rally, you never know when the market will begin to fret over the economy. When it does, it likely won’t be gradual.
 

We continue to remain defensive, slightly underweight in equities and slightly overweight in bonds/cash.

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