October 3, 2024

By Nigam Arora & Dr. Natasha Arora

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

Spot On Arora Call

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

Note the following:

• The chart shows when the Fed rate cut was announced.
• At the time the Fed rate cut was announced, this was the landscape:
  • Wall Street firms were tripping over themselves to rush their clients into buying long bonds.
  • The momo crowd was aggressively buying long bonds.
  • Technically, long bonds had broken out.
  • Trading services were sending signals to their members to go all in on buying long bonds.