A 3-Layer Magic Market Cake In a magic cake, the top layer is a sponge cake. The middle layer is custard and the bottom layer is fudge-like. In the market and the rally since the November election, the top layer is spongy. Particularly referring to the Economic Modern Family, when price levels rise, certain family members saturate. The middle layer of the market or the custard is gooey, depending upon where you look. The fudge-like
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