The Fred Report - Mid Week Update February 2, 2011

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The rally continues to look a bit tired.  Many indexes continue to lag the SPY.  The EEM has been underperforming the US market since last November. This is not yet widely acknowledged and could be a major theme for 2011.  Materials is an overweight for us and we would look at the strong stocks in the Sector Review – all look attractive. We also like the look of XLI (Industrials) – and would look for the strong stocks there as well. 


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