Highlights
- The MOTR Risk Gauge continues to deteriorate for both the US and the globe, ex-US.
- We can do one of two things with this information: 1) act on it, or 2) wait until we have identified the drivers behind the weakness and understand why it is happening.
- In the past few months, we've either personally had conversations or watched interviews with folks many times smarter than us who just didn't believe the fundamentals would justify the very. . .
