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Commentary
Canso January 2017 Market Observer

Fear was dominant in early 2016. The financial media was full of doom and gloom. Talk of negative interest rates and the impotency of monetary policy were the financial fashion. In February the veritable towel was thrown in as investors capitulated and completely gave up hope. That was the contrarian sign of the start of a major rally in risk assets.

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Canso January 2017 Market Observer