The Fred Report - Weekly July 26, 2010

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We remain bullish, but can see some choppy action as recent gains are consolidated.  Our best guess is that the TLT and bonds will meander around here for a while – and then rates will rise into the fall.  Oil and gas both look like further advance is in store this summer.  We would tend to de-emphasize Japan, and focus on the “growthier” areas of Asia.


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