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Daily Note

Today’s Flight To Quality

Jun 7, 2021

Thomas Thornton

  • Another relatively quiet day 
  • We have a joke when a lot of sectors are down on the day and the garbage rallies hard - today's action is appropriate to roll out that joke with the meme stocks being chased higher
  • The CPI on Thursday "should" shake things up or perhaps since bank balance sheets are at limits they will need to sell down exposure with bonds and equities
  • Jeff Bezos is putting himself where his money is... kudos
  • A few extra currencies by request
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