I’m a contrarian by nature. I much prefer finding things that markets may be pricing incorrectly, to going along with the consensus. Usually there is no shortage of topics to pick from as a contrarian. Anything from China, to the quality of data, to the economy, to geopolitical risk, to valuations, but right now, I’m struggling to find an issue to get worked up about. Maybe this is the exception that proves the rule? In any case, let’s run through a variety of issues that, for better or worse, I think kind of make sense from a market pricing standpoint. ... When Things Kinda Make Sense