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Why Coffee’s Better Than Apple

There’s a lot to like in the market that has nothing to do with stocks. 

A lot of what I’m focused on is, at the very bottom of a one month relative performance, there’s only a little that isn’t moving higher. This is what a reflation trade looks like. 

Coffee, cocoa, oats, cotton, wheat, rice, even gas, even energies, copper. I’m talking about the things that make the things that we use. I’m talking about tangible things… 

I like to call them grocery store commodities.

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