The Fred Report - Weekly May 03, 2010
The stock market is now in the window of the time period we have been looking for to make the low that would begin a summer rally led by commodities and commodity related stocks. Now is probably the time to add some hedges (fixed income), while realizing that the rate rise we have mentioned this year could occur this fall, and not now. We note that the Euro may have recently staged a false breakdown.
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