Bond players don’t believe the Fed will taper at this time.
Coming into 2014, yields had just experienced the largest 18-month rally in 30 years! On Jan the 24th, the Power of the Pattern said their was a two-thirds chance bond prices would rally and yields would fall. (see post here)
Did the rally in yields get overdone over the past year and a half? The Power of the Pattern believed so at the first of this year and this has caused members to be long TLT for months.
The above chart highlights that TLT is reflecting relative strength compared to the S&P 500 this year and could be breaking above a 2-year falling resistance line above.
It appears many people at the first of this year thought the Fed would start a taper program, pushing rates higher. What’s happened instead? Rates have fallen and TLT could be breaking out. What might happen to TLT if the S&P 500 would happen to break steep support dating back a few years? Could that impact Janet’s plans???
Recommended for You
Uber is reportedly operating at a loss of close to half a billion dollars, according to a bond...Business Insider
After a week of negative press surrounding his comments about Mexicans who cross the border illegally being rapists and criminals, billionaire real estate magnate and genius of self-parody Donald Trump appeared on CNN’s State of the Union Sunday to clarify his remarks. “It's not Mexicans…The Fiscal Times
A fast-growing number of seniors are hitting retirement with a student debt burden. Even their Social Security is at risk.Money
Mad Money host Jim Cramer ticks down reasons for complacency in today's market action.CNBC Videos
ATHENS, Greece (AP) — The latest news on Greece's financial woes on a day a big repayment to the International Monetary Fund is due and the country's bailout program with European creditors ends (all times local):Associated Press59 mins ago
Comparing the most recent collapse in oil prices to previous shocks suggests that the current oil price slump is a longer-term event than many believeOilprice.com
The ruble trimmed its biggest monthly drop since January, with PAO Rosbank, Credit Suisse Group AG and Renaissance Capital seeing more weakness in the third quarter because of the crisis in Greece and external debt payments. Russia’s currency added 0.2 percent to 55.585 against the dollar at 1:40…Bloomberg
Q: When should I sign up for Medicare? A: Most pre-retirees know that Medicare coverage kicks in when you turn 65. But that’s not the whole story. If you want to enroll in Medicare without hassles and ...Money
As sales continue to fall, McDonald’s is desperately trying to reinvent itself, and its latest efforts seem to be aimed at a slightly classier crowd. New England-area McDonald’s are going to start selling lobster rolls again after a 10-year hiatus, according to a report on Fox CT. No word yet on…The Fiscal Times
LAS VEGAS (AP) — Bragging rights are usually the only reward at the end of a well-played video game. But what if high scores came with cash, too?Associated Press
By Alan Baldwin LONDON (Reuters) - Michelin has no interest in supplying tires to Formula One unless the sport agrees to make them bigger, a change motorsport head Pascal Couasnon feels sure will happen eventually. The French company and current suppliers Pirelli are the only bidders for the…Reuters
As Puerto Rico's dire fiscal and economic situation becomes more acute, the commonwealth could see its population decreasing even further.CNBC
Q: What is the difference between index funds, ETFs, and mutual funds? — Gary A: An easy way to think about it is this: Exchange-traded funds, or ETFs, are a subset of index funds; and index funds are ...Money
WASHINGTON (AP) — Salaried workers who earn nearly $1,000 per week would become eligible for overtime pay under a proposal President Barack Obama unveiled Monday, lamenting that too many Americans are working too many hours for less pay than they deserve.Associated Press
On Jun 26, 2015, shares of Smith & Wesson Holding Corporation (SWHC) reached a new 52-week high of $17.04, finally closing at $16.80.Zacks
The developer of a $3.5 billion hotel-and-casino project under construction in the Bahamas announced Monday that it has filed for U.S. Chapter 11 bankruptcy protection. Baha Mar Ltd. said the U.S. filings ...Associated Press
June 29 -- German Chancellor Angela Merkel tells reporters in Berlin that while she doesn’t want to put pressure on Greek voters before the referendum scheduled for July 5, the outcome of the referendum is linked to euro membership. Bloomberg's Hans Nichols reports on “Market Makers.”Bloomberg Video
Want Windows 10 on an old PC? Here's a look at some of the oldest machines that should be able to run Microsoft's latest operating system.TechRepublic
Protests in Armenia following a proposed energy price hike are being spun as Western-led containment policies by the Russian media, a position that could backfireOilprice.com
The "Fast Money" traders give their final trades of the day.CNBC