The Country ETF positions closed negative on the week down about -1.5%, however, they outperformed the benchmark, MSCI All World Index, which lost -3.6%. Our allocation is still completely short with EFZ being our only holding. We could see either TMF or SSO or both added to our portfolio next week depending on how they play out. The SPY arrested its November slide in strong fashion. After a couple weeks of selling off, the SPY
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