(1) Two species of bulls. (2) A short history of our sector-neutral and stay-home calls. (3) Feeling the pain of active managers. (4) Active managers boxed in by their prospectuses and by consultants. (5) Consumer stocks held back by high costs of rent and health care, and too many stores. (6) Financials held down by flat yield curve, but revived M&A could boost Investment Bankers. (7) Health Care is discounting Hillarycare. (8) Buy cheap, sell dear?
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