The Long Investor

US 10 YEAR

Added 2024-11-06 18:21:12 +0000 UTC

The 10YR is running rampant and putting enormous pressure on bonds ($TLT)
I have a full lesson on the correlation between the two in Lessons in the Collection folder so if you have some time, please review.

The 10YR retested the 200 Day MA from above and held, then bounced very aggressively again when it was clear that Trump would win.

This is what PTJ and Druckenmiller were betting would happen and so far they are right.

Fed will announce tomorrow their Interest Rate decision with the market believing they will cut by 0.25%

But I think they should skip this month, the market is already overheated now post election.

PTJ and Drucks opinion should be taken into account now, there is a very real risk of inflation rising again.

I think the best case scenario here would be a healthy pull back to the green fibs as shown.