The Fred Report - Weekly August 12, 2013
The market is still holding support and summer rally targets remain, but we continue to be defensive as sentiment indicators suggest this rally is “long in the tooth”. This is such an interesting juncture for bonds, because if this bond buy signal we have fails, or the rally is insipid, it would be additional confirmation that our big fear in this market is occurring (and this is that the end of the 30 year bond bull market is upon us).
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