The Fred Report - Sector Review February 2013

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Since the last sector review, the market has continued the January rally. Most important, economically sensitive indexes have improved. We have made some changes to position us more aggressively, and it continues to look as if the first half of 2013 may be stronger than the second, so no real changes are needed in this report. We continue to believe that some fairly large sector rotation could occur in 2013, and so far this is occurring.

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