Might be a good buy opportunity soon, but for now I'm pretty much sitting on the sideline in cash and bonds.  Three big things are the largest contributors to the sell off that we are seeing.

1.  The inverted treasury yield.  We are one of the few economies with a positive interest rate, therefor lots of foreign money is pouring in to bonds.  I can see perhaps a rate cut of 50 points in early September.

2.  Chaos in Hong Kong.

3.  The trade/currency war going on right now between the U.S. and China.

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