AGG (F-fund) trying to breakout today...
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AGG (F-fund) trying to breakout today...
https://www.tsptalk.com/images/mb/021820b.gif
Breakout confirmed. :beerchug:
I think bond market participants are counting on a rate cut. If China pushes chances of a global recession needle any higher, what else can we expect CB's to do than cut rates?
The problem is Trump insisted on rates bring lowered, so the Fed already brought them extremely low. At this point, we only have rates of 1.50-1.75%. If the Fed needs to do a rate drop to jump start the economy following a virus scare, there isn’t much “drop” left to go.
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The Fed still has seven 0.25% cuts available before going to where they were from 2009 to 2016. Is that where we're heading? I hope not. But 7 cuts, or even just a couple, would certainly move the market higher. Probably to nosebleed levels.
Did you notice the huge after-hours pop in AGG???
up 1.83 or 1.58%
That's huge! Hope it holds!
The majority of the top 100 autotracker accounts have their money in the F fund!