April 30, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Samsung Overtakes Apple

Please click here for a chart of 20+ year Treasury bond ETF (TLT).

Note the following:

• The chart shows that bonds have fallen this year.
• The chart shows that bonds are consolidating in the mini support zone.
• Lower bonds mean higher yields.  Higher yields mean lower PE ratios.  Lower PE ratios mean lower stock prices, unless earnings rise.
• So far, due to a strong economy because of the Fed’s second blunder and reckless spending by the government, earnings are better than expected.