Weekend August 2 2020
Friday's WSJ front page announced the FED is easing its inflation target. Apparently the FED is not going to be so quick to raise rates to fightinflation.
Apparently Jerome actually thinks he controls the interest rate. In fact the FED decisions pretty well track the two year rate set by the market.
What is happening now is a decrease in bond prices and an increase in yields.
This month the thirty year rate rose from 1.2 to 1.5%. That is a 25% increase.
TBF increases in value as bond prices fall.
It is time to accumulate this ETF.
UUP US Dollar Bull
The US Dollar is making a bottom as stocks bonds and metals top out. UUP is still bumping along the bottom But bottom fishing is warranted here.
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