US 30 Year Bond Yield
Oct 2: 1.49%
Aug 6: 1.16%
*when stocks or bond yields, don't go down when they should, it is very telling...
Since Early August - 60 Days
Microsoft $MSFT -5%
Amazon $AMZN -1%
Nasdaq 100 $NDX +1%
Materials $XLB +6%
Dow Transports +12%
via @BearTrapsReport
Look at the above two tweets and ask yourself one question. Where on earth would the performance data be if we did NOT re-lockdown and had a vaccine? Then think about the next 12 months.
Reflation Monday... Long-dated paper finally pricing in #Election2020 - special thanks to @ACGAnalytics
#Bonds
Reflation Monday, Transports continue to outperform Nasdaq... (3)
Oops: Investors poured almost $1.8B into BlackRock Inc.’s iShares 20+ Year Treasury Bond exchange-traded fund (TLT) last week -- the most since it began trading in 2002 - Bloomberg.
Last 500 days, today was in the top ten - move higher in long-bond yields.
*43bp move north since August. Over crowded, Long-dated US corporate bonds have suffered approximately $130B in losses since this summer’s nadir. Risk parity?
Via @BearTrapsReport
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