The Fred Report - Mid Week Update July 13, 2016

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More important to us is that the market is broadening out – IYT beat SPY again today and some of the smaller indexes are showing improvement. While one day is not overly significant, there have been sporadic signs since February of improvement.  TLT had the biggest drop we have seen in ages today. We have been concerned that the last part of the advance in this ETF has been fluff and speculative buying, not solid investment.

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