The narrative from earlier this yr that slowing growth would cause the Fed to pivot sooner rather than later is slowly being undone as market participants realize that inflation is sticky and likely to result in rates higher for longer from the Fed. As a play on higher rates I like TBT the ProShares UltraShort 20+ Yr Treasury ETF. It has recently broken its downward sloping trend line and looks poised to take off here.
The higher for longer theme has gone “tabloid” with the cover of the Economist featuring a story on it. This usually means markets have fully priced it in so we will see how this pans out.
The_Pain_Trade
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Continues to be a high conviction idea.
InvestMate
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Thanks for the analysis, I appreciate the time spent in preparation