The Fred Report - Weekly April 05, 2010
Our benchmark for the market is two closes above 70 on the IWM, and should that occur, we will become more bullish short–term. We continue to feel that rates are going up longer-term, and that eventually hedging strategies will be needed for clients that are heavily invested in bonds. Should the USO close above 42 we would expect a move to 48 or possibly more by the end of summer.
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