The Fred Report - Weekly August 1, 2016
Three things we will be looking for will be out performance of IWM vs. IJR, continued improvement of NYA vs. SPX, and of course improvement of the NASDAQ composite relative to the NASDAQ 100. We continue to look at our longer-term FPO’s on the bonds. These have a set up for a sharp rise in rates in the near future. Oil still looks like a trading range to us, but after the August contract goes off the board there is downward seasonal pressure until November.
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