The Fred Report - Sector Review January 2013
Since the last sector review, the market completed the forecast fall correction. Prices tested near support areas and rebounded sharply. Most important, economically sensitive indexes have improved. These changes are designed to position us more aggressively, and it now looks as if the first half of 2013 may be stronger than the second. Last month we mentioned that some fairly large sector rotation could occur in 2013, and these changes may just be the start of our positioning.
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