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IFF Reaches Target #1 and End of Quarter Update
Our bucket 2 long position in IFF yesterday rallied 5.16% and as a result reached and surpassed our profit target #1 at $85. We will keep this one to see if it may have enough momentum to rally toward our target #2 at $87
Q1 (which ends today) has seen one of the largest dispersions between equity performance (+10% for the SPX) and bonds (flat(ish) for the aggregate bond index) in a long time.