The Fred Report - Weekly July 12, 2021

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Are we right to continue to recommend an overweight in the small and mid-cap area? We think so, but to feel certain we believe the market should move more towards this area in the next few weeks.  Our forecast becomes a trading range in rates for the fall and not an immediate big rise.  We could see an interesting situation where FXY advances, FXE remains flat to down, and the Dollar also rises.

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