INVESTORS PAY ATTENTION TO MAJOR MACRO ARORA CALL AFTER TRUMP ASSASSINATION ATTEMPT, WHALES BUYING
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Major Macro Arora Call
Please click here for a chart of 20+ year Treasury bond ETF (TLT).
Note the following:
- The chart shows that long bonds fell on Trump’s win in the Supreme Court immunity decision.
- The chart shows that long bonds ran up after falling on the Trump immunity decision. The reason for the run up has been two fold.
- Weak economic data. For details, see prior Morning Capsules.
- Wall Street almost unanimously calling for investors to extend fixed income duration, leading to investors rushing to buy longer term bonds.
July 15, 2024