The key point here is that the technical indicators continue to improve, and we saw some potentially large changes on Friday – changes that, if they continue, would suggest that real rotation into Value and Dividend plays is continuing, and may accelerate. It looks as if longer rates are ready to see some rally over the next few weeks. We continue with our UUP forecast that it will move back to the top end of the range, at 27 to 27.50 from here.
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