Despite the pre and post-election rally that resulted in 3 out of the four key US stock market indexes gaining nicely for the week, our risk gauges thought otherwise, slipping back to neutral territory. For tape readers, a failure here would be very disconcerting. October’s drop is now the second 10% drop this year. That is not a common occurrence when that manifests in all the major benchmarks. Two drops of 10% in less than
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