Stocks for a Short-Term Rally

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According to Fred Meissner, the FRED Report recently completed its monthly research report. "The gist of the report is that in the last 39 years, the market has been higher by the end of August than the end of May for 24 of those years. Of the years when there was an extreme in negative sentiment, that forecast a decline half the time -- not a compelling number, but still one that suggests some caution on the next overbought readings we see is in order. ... we see some intermediate-term problems in the stock market, but are looking for a rally short-term. We would use this rally to examine risk management parameters and prepare for a potential decline in the second half of the summer." Read more here.

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