The FRED Report

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The Fred Report - Weekly October 8, 2012

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We should attempt a rally in the first part of the week – but failing to close the week through 150 on SPY could be a problem.  Long time subscribers know that one of my biggest concerns over the next few years is that rates will start to move up, creating losses in bond portfolios.  Given the configuration of oil indicators at this time, a sharp rally in the early part of this week would not be a huge surprise – indeed we would expect this.

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