The Fred Report - Weekly September 15, 2014
Overall the market is trading well given that we started last week in an overbought condition. The sentiment for fixed income has changed this year. At the beginning of the year, virtually all market pundits were looking for rising rates – and now most of these folks believe rates simply cannot rise. GLD is finally in oversold territory and if weekly indicators can turn up a move of magnitude to the upside is possible.
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