The Fred Report - Sector Review September 2012
Since the last sector review, the summer rally closed in our target area of 140 - 143. After a period of consolidation, the market “changed character” as noted in our September 4th report, and has rallied sharply while showing some sector rotation. If we are making a mistake in this report, it is to maintain current positioning and not to make changes. We looked at several changes but models do not quite support this – but will tell you the change we would have made is to equal weight XLP and overweight XLY. Aggressive traders take note!
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