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  WEEKLY COMMENTARY

  Our sources tell us that auto production in North America and globally
  will recover in the third and fourth quarters of this year. Car sales are
  highly correlated with the SP500, home values, consumer confidence,
  credit availability and prices of used cars. Recent data points tell us that
  these metrics have either bottomed or turned up over the previous sixty
  days. For example, during May of this year used car prices increased 11%

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Sparrow Capital Management, Inc -11330 Olive Blvd Suite 230 St. Louis, MO 63141 - 314-725-6161

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