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Important Powell Speech Ahead, Market Mechanics Drove Second Best November For Stocks Since 1980s

Benzinga ·  12/02/2023 00:37

To gain an edge, this is what you need to know today. Powell Speech Ahead Please click here for a chart of iShares 20 Plus Year Treasury Bond ETF (NASDAQ:TLT). Note the following: The chart shows that bonds have made an aggressive move from the lows.The chart shows the upward sloping trendline indicating the steadiness of the move up.The chart shows that bonds have now reached the lower resistance zone.In The Arora Report analysis, prudent investors should watch if bonds break above the lower resistance zone. If they do, it will be a trigger for another leg

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