October 8, 2024

By Nigam Arora & Dr. Natasha Arora

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

Biggest Stock Moves Ahead

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

Note the following:

• TLT moves inverse to the yield.  The higher the yield goes, the lower TLT falls.
• The chart shows the move up in TLT in anticipation of Fed rate cuts.
• The chart shows a breakout above the resistance zone.
• The chart shows when the Fed cut rates.
• The chart shows that the spot on Arora call was made on the same day that the Fed cut interest rates.