A $27 Trillion Breakout?
Hey, it’s Ross Givens here with the Chart of the Day. Today’s chart shows the Bloomberg US Treasury Index over the past year. Typically, US stocks and Treasuries move inversely, but for the past two years, they’ve been moving in tandem. Treasuries are recovering strongly and look ready to break past last year’s peak resistance level. Traders are betting on rate cuts after the recent inflation data, despite Powell’s statements. There’s still plenty of opportunity left in this market.
June 25, 2024
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