WORLD’S SMARTEST BANKER SAYS “COULD BE HELL TO PAY” IF WALL STREET’S CRAZE GOES WRONG
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Hell To Pay
Please click here for a chart of 20 year Treasury Bond ETF (TLT).
Note the following:
- TLT moves inverse to long term yields. A fall in TLT means long term yields are rising. In this environment, rising yields are a big negative for the stock market.
- The chart shows that the rally in TLT failed at the trendline and close to the bottom of the resistance zone. This is a negative.
- The chart shows that TLT fell below the bottom band of the support zone prior to the release of the GDP data.
May 30, 2024