The Fred Report - Mid Week Update June 8, 2022

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Some indicators are becoming overbought, however, especially daily stochastics, and the McClellan Oscillator. This suggests a short-term peak by the end of the week, per our forecast, is certainly possible.  So far FVX has made a lower high but above 31 would suggest much higher rates short-term, and this would concern the equity markets.



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