MARKET WAKES UP SHOCKED THAT DATA DOES NOT SUPPORT RATE CUTS, MARKET MAKERS PICKING MOMOS’ POCKETS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Market Shocked
Please click here for a chart of 20+ year Treasury bond ETF (TLT).
Note the following:
- The chart shows that TLT entered the support zone. On October 8, about one month before the election, we wrote in the Morning Capsule,
In the event of a one party sweep, TLT can potentially fall to the bottom support zone.
- The chart shows that the Arora election call as it relates to bonds has proven spot on.
- RSI on the chart shows that bonds are oversold.
December 20, 2024