commercial market

As we have come to expect, in a trading environment that nowadays owes so much to their boss, it was the guys at Spendthrift who first put their heads over the parapet. This week, anyway. To be fair, the original lead actually came from Chuck Fipke--a match for the unorthodoxy and initiative even of B. Wayne Hughes, and prepared way back in the spring to waive his 2020 stallion fees altogether. Fipke reasoned that his entire pitch was to small breeders, who were already looking down the barrel as the...