This is the information you need to know today to gain a competitive advantage.
– Long bond yields are rising, causing long bonds to fall.
– The trendline on the chart for iShares 20 Plus Year Treasury Bond ETF (TLT) shows lower highs before a sudden drop.
– TLT has dropped below the previous support zone, which is now a resistance zone.
– The chart indicates the next support zone and shows that TLT is oversold.
– Rising yields in U.S. and global government bonds typically lead to stock market declines.
– Technology stocks, which tend to be long duration stocks, are particularly affected by rising yields.
– Apple earnings were slightly below consensus and revenues declined for the third quarter in a row.
– Amazon earnings were better than consensus, but neither Apple nor Amazon have clear plans to profit from AI.
– Stock futures fell after Apple earnings, but rallied after the People’s Bank of China announced increased funding support for the private sector.
– The jobs report is mixed, with non-farm private payrolls slightly below consensus.
– The adaptive ZYX Asset Allocation Model has been successful in changing market conditions.
– Apple stock has increased despite declining revenues, and there is a buy zone for Apple in The Arora Report.
– Technology stocks were negatively impacted by rising interest rates last year, but this year the impact has been neglected.
– Money flows in Tesla, NVIDIA, Amazon, and Alphabet are positive, while flows in Apple, Microsoft, and Meta Platforms are negative.
– The momo crowd is buying stocks, gold, and oil in the early trade.
– Bitcoin is range-bound.
– The short-term stock market indicator is neutral.
– Consider continuing to hold long-term positions and allocating cash to short-term tactical trades and hedges.
– Traditional 60/40 portfolios should focus on high-quality bonds and shorter durations.
– The Arora Report has a history of accurate predictions.
