The FRED Report

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The Fred Report - Monthly January 2017

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Technically, there are more positives, and the market should rally into the end of January. Our concern is that the next overbought condition on the daily indicators could lead to corrective behavior into the summer. Fundamentally, the reason for this could end up being some “growing pains” on the part of a Trump Administration, and a solid oversold condition could lead to a strong rally into the end of 2017 and possibly beyond.



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