The 30 year bond is approaching a huge support zone! Constructive if this zone holds! Bearish if it breaks down below this zone.
I got a few questions about interest rates this week. Well, I don’t understand why people are waiting for some disaster in this market. Commercials are selling 10-year Nonets and buying 30 year Bonds. That means smart money expects that short-term rates are going to go down and long-term rates are going to stay where they are. This is a bullish yield curve...
SPY and TLT have been trending up since june (red line), for close to 3 months. Which one is right? My money is on the smart money like in March. Also note that the dollar shows signs of bottoming. Disclaimer: The above is not an investment advice. It is merely an opinion and I share it for your entertainment only. Do your own due diligence and above all, trade...