On the interior, a fabric twenty dollar bill is printed permanently inside so the owner always has money.
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Interactive Advisors
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The U.S. economy has made progress beyond anyone’s imagination
As volatility rose, we positioned our portfolio more defensively.
What is odd about this whole thing, regarding volatility, is that the ratio between oil and gold volatility is not nearly as wide. Clearly, oil and gold vol are elevated, and S&P 500 vol is not.
Which could present opportunity for contrarians.