| Dear Friend,
The market dropped for the fifth consecutive week and is now down 5% for the month of May, wiping out a third of its year-to-date gain. Except for Rising Tide where COST had an earnings announcement, our portfolios suffered across the board as well.
Enjoy the full report, if you can. Hopefully, the "very oversold" condition of all the indices we follow will cause a rebound soon.
Terry
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