The FRED Report

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The Fred Report - Weekly September 24, 2018

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There are breadth divergences in other indicators such as FBO’s, and even the McClellan Oscillator, one of our favorite trading tools. The ten day Trading Index (Arms Index) is around .80, classic sell territory. There is enough in these numbers to warrant a cautious stance as well.  We do expect a surge in rates by the end of this year.

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