Joel Smolen of Axion Capital, a San Rafael, Calif. hedge fund, expects a volatile month.

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Smolen at Axion Capital says he expects volatility for the remainder of the month.

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Joel Smolen, hedge fund manager at Axion Capital Management in San Rafael, Calif.

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Bears and bulls will likely duel it out for the rest of the month, hedge fund manager Joel Smolen at Axion Capital in San Rafael says.

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The other day, Solve Climate News provided in-depth coverage of a small regional business story with global ramifications: a battery maker called Axion Power in the Rust Belt burgh of New Castle, Penn.

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Joel Smolen, a hedge fund manager at Axion Capital in San Rafael, Calif. thinks the downgrade increases the odds of a recession in the US. Last week, Goldman Sachs gave those odds a 30% chance.

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Joel Smolen, hedge fund manager at Axion Capital in San Rafael, says hard assets like gold, silver and equities of mining and metals companies in countries like Australia and Brazil are the places to be following the U.S. credit downgrade.

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