As stocks have been correcting off their recent highs, we are
seeing continued divergence among various industry sectors.
Not exact matches
We
continue to
see important
divergences that hold us to a defensive position here.
This
divergence continues as we get further away from humans and it is EXACTLY consistent with the fossil record and is EXACTLY what we would expect to
see if life gradually evolved on Earth over billions of years.
An even greater
divergence continued to exist within the Taxable Money Market segment, as government money market funds
saw net deposits of $ 150 billion in August while prime money market funds experienced net redemptions of $ 126 billion.