The Fred Report - Sector Review August 2013

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Since the last sector review, the SPY has continued to consolidate after exceeding our objective of 156 - 161 for the rally that we have held since fall 2012. We still believe the first half of 2013 will be stronger than the second, and economic numbers around the world are mixed. We have made some changes in the sector weightings, which may be a few weeks early. 

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