The Fred Report - Monthly August 2019

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Commodities, especially oil, have topping signs, and are starting to pull back. The summer driving rally may be over. Our favorite broad-based Commodity Index ETF, DBC, is declining with oil. Targets are 15 or so on DBC. Watch Oil via USO and DBC carefully. These suggest the rally in the oil stocks is ending. We may not see much in oil and oil stocks until the fall.

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