The Fred Report - Weekly December 21, 2009

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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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