The Fred Report - Weekly December 21, 2009
The stock market still has positive seasonality, and we see improvement “under the surface”. The Fixed income markets still look as if rates are making a long-term bottom, but could be set for a countertrend move. Right now, it still looks to us as if the dollar is up over the next 2 to 4 months, with an objective of 84 to 90 on the DXY before the downtrend resumes.
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