CSC - GAP DOWN MORNING 8/2

Gap-down mornings can be beautiful.

They are emotional, and they tend to wash out weak hands.

We have been very lightly exposed since mid-July and while we didn’t expect this sort of unraveling this quickly (we thought it would come in the fall), they create incredible opportunities. We have been building quite the war chest of cash and we are going to use it this morning.

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