The FRED Report

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The Fred Report - Weekly July 5, 2011

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We sense some skepticism with regard to the recent strength, and we think the market can exceed the old 137 area high and test 142, 143 by the end of summer.  While bonds could certainly bounce this week, the big potential for more upside in this market has likely exhausted itself.  Agricultural commodities have a tendency to rally in the summer. 


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