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Quote of the Day

"The prospects for private assets and hedge funds aren’t likely to improve, at least not soon. Trillions of dollars are chasing those strategies. Private equity valuations are stretched. Capitalization rates for real estate are at historic lows. Hedge funds are struggling to find compelling trades."

(Nir Kaissar)

Chart of the Day

Lumber prices are down 50% year-over-year.

(calculatedriskblog.com)