The Fred Report - Weekly May 6, 2024

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If we are correct, this market should stage a choppy rally into the end of May, before the next pullback.  The weekly stochastic is close to a buy recycle, and failure to exceed 100 on this signal, if it occurs, would be a signal rates should trend higher on the next sell indication.  We rate China as buyable here for the first time in several years.

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