PROBABLY SEE PULLBACK SHORTLY

The MAIN Corporate bond paying 5.2% is still in our sights. But the price remains high and we keep hoping for a lower price. The price actually went UP today. CUSIP: 56035LAD6

Markets continue higher for how long? See below. We are holding all positions.

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We will not be shocked to see a pullback in the financial markets:

VIX Troughing Again

We shared this graph in late March and early June. In both instances, the reliable VIX cycle troughed. We update it as a warning that VIX is set to trough again on August 15th. While VIX is lower today than the prior trough, it sits on a solid rising support line that goes back to late 2021. A break of support would lead to a lower VIX and likely higher stock prices. Conversely, a bounce in the coming days, especially if it jumps to the prior highs (the mid-30s), could likely push the market back toward prior lows.

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WOW THIS SHIT IS SHOCKING:

Woke Airline Policies Threaten Safety, Workers Say