Market Update: 

As I said in my Republic Risk Letter this morning (You can get a copy here), I think Monday might be the last day we see a lot of green this March despite St. Patrick’s Day approaching. Though, based on seasonality, this is usually a good two-week period, we might well have an outlier on our hands.

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Five sectors went red today, and we should be worried about two of them: finance and technology. It could be a rocky next few weeks for the Model Portfolio, so use hedging strategies like covered calls. The bottom line is that I don’t like the feel of things between today and next week when the Bank Lending Program ends.

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