The Fred Report - Weekly August 12, 2024

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We continue to have some concerns after this short-term oversold condition resolves itself. You can see that the daily stochastic is in buy mode, but the weekly is not even oversold so more time is likely needed to set up for the rally into the election that is our forecast.  Over the course of 2024, we have mentioned that while Europe has improved it should underperform the US, and we have no change to that forecast.



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