The FRED Report

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The Fred Report - Sector Review September 2016

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Leadership looks to be Industrials with some moves into Materials as well. So far, income and defensive names continue to perform well, but we are alert to the possibility that this will change. XLP has slowed and is now an equal weight. IYZ may fail here – the accumulation models suggest this is the case, so although an equal weight we are cautious.


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