The Fred Report - Sector Review October 2012

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Since the last sector review, the market advanced on QE3 news, and has retraced much of that advance. Prices are choppy, and there has been deterioration in most technical indicators. However, sentiment remains intermediate-term positive. In last month’s review we questioned whether a period of quick sector rotation had started. It now appears that this is not underway, but we do expect this to occur in 2013.


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