The Fred Report - Weekly January 22, 2024

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Is the market continuing to broaden out? If you looked at last week, you’d have to say no – but remember this is going to happen in fits and starts, not day in and day out.  One thing that was a bit of a surprise in last week’s trading was the strength in TNX – it actually traded stronger than TYX, although we did not have a signal on it.

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