The FRED Report

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The Fred Report - Weekly April 22, 2013

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This is a particularly difficult place in the stock market – certainly more upside could occur, but the risk of decline over the next few weeks is quite high.  We continue to believe that bonds will be a better hedge against a stock market decline than commodities, because of our concern that any market decline will be caused by a slowing economy and the perception that a recession is near.


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