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I agree with the interest rate indicators but Where do you think...

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10,352 Posts.

819

10/01/22

21:29

Post #: 58762316
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Originally posted by Goodfella58: ↑

You need to watch the bond market as the stock market is typically the last to react and is the worst indicator of impending interest rate environment.

The bond market is much larger than the equity market and cannot be manipulated like individual stocks can due to weighting of indices to give an illusion of rising markets.

This is from a bond strategist with a handle on historical data

The 30-year data goes back to 1973 and last week was the worst calendar week total return in at least 49-year history! The long-bond lost 9.35%!!

If this was a year, a 9.35% total return loss would be the 5-year worst year ever.

The 10-year note finished it worst week in 42 years, with a total return loss of 4.24%.

Only Feb 1980 saw a bigger loss for a calendar week loss (Volcker inflation panic, funds rate headed to 21%)

-4.24% would also be the fifth worst YEAR ever.

The calendar week total return for the Bloomberg 10+ TIPS Index was -6.09%.

This marks the third worst week ever.

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I agree with the interest rate indicators but Where do you think the money is going from the sales proceed??

Z1P Price at posting: $3.85 Sentiment: Buy Disclosure: Held
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