The Fred Report - Weekly September 22, 2025
Breadth on the NYSE was negative last week, not by much, but it still is a sign of a tired market. Transports have been one of the best indicators of economic strength and they have been diverging, suggesting economic weakness. So far, our forecast on TLT has been reasonably accurate. We have rallied to the 90-area and started to roll over. Now we will see if the rest of our forecast works, and rates rise into October.
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