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If you're stalking a counter-trend upswing in the market, then pay attention to how these scenarios play out.
The firm's products are profitable, but they are just the key. The key that unlocks much higher margin businesses elsewhere and going forward.
My portfolio definitely isn't sexy as it is focused more on preserving capital than aggressively trying to grow it.
Is this becoming a 'single issue' market singularly focused on yields? That will eventually change, but the turning point seems a bit away.