MOMO BUYING UNFAZED IN THE FACE OF 3% YIELD AND LONGEST JAPANESE YEN LOSSES IN 50 YEARS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
58% Gain In 4.5 Months
Please click here for a chart of inverse bond ETF TBT.
Note the following:
- On April 8, we shared with you the rare occurrence of TBT moving up 32% from its low in about four months. TBT is a leveraged inverse ETF that moves up when interest rates rise. Such a strong move up in yield should have, in theory, caused more selling pressure in stocks than had been seen at that time.
- The chart shows that now TBT has gained 58% since its recent low in about 4.5 months.
April 19, 2022