The Fred Report - Weekly February 27, 2017

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We have been looking for a rally in equities that peaks at the end of February or so and then a short-term correction. We have posited that the driver of this pullback is that the current market is priced for perfection, and in fact the new administration will not be able to get all of the legislation they want.  TLT rallied back to the122 area resistance last week, and we continue to believe that 126 – 128 can be tested before the next down leg occurs.



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