The Fred Report - Mid Week Update August 23, 2023

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Strong technical charts report good earnings more often than not.  Recall that what we are looking for is the possibility of a short-term interest rate spike that then moves back into the range. This suggests a move below 112.50 on IEI, say to 110, and then back above 112.50, creating a false breakdown. Then, we would buy duration – say TLT.



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