Currently our Market Crash Indicators remain at DEFCON 1 which is fully invested. For details of the model we would direct you to www.buttonwood.com. This methodology has resulted in a return of 32.6% versus the S&P 500 return of 12.14% since inception. YTD we are up 12.58% versus the S&P 500 15.73%. Remember our calculations are based on Thursday to Thursday closes
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