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The Fred Report - Sector Review February 2015

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SPY has been up about 10 points since the last Sector Review. This is because the last few days have been strong. Smaller stocks continue to improve a bit on a relative basis.  We remain with XLF and XLV as over weights. XLF stands to benefit from rising rates. Our new under weight XLB has improved as the oil market has rallied, but should weaken again as oil retests.

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