The FRED Report

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The Fred Report - Monthly January 2013

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Stocks corrected this fall, moving close to our downside objectives, and has kicked off 2013 with a rally. The improvement we are seeing in some of the economically sensitive sectors also supports some short-term upside action. The first quarter of 2013 could be strong, and possibly the second half should be weaker, not stronger, than the first half of 2013. It looks like we have a momentum buy signal.


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