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Closed-End Fund Commentaries

Don’t Time a Correction

Jan 16, 2018
Click here to access Don't Time a Correction

The stock market is on a tear. The S&P 500 rose 19.4%
in 2017 excluding dividends, and is already up over 4% in 2018. It’s not a bubble or a sugar high. Our capitalized profits model, says the broad U.S. stock market, is, and was, undervalued.

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