The Fred Report - Weekly October 26, 2020

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Last week we mentioned that daily stochastics are recycling, and this process is continuing and should end this week. These may be down enough to see some advance at the end of the week.  On last Thursday’s call, we indicated that we believed that the Treasury Department is silently rooting for the yield curve to, shall we say, become less flat. Our reason for this is our big concern for next year is the banks.

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