US Stock MarketDetailed Quotes
IYM iShares US Basic Materials ETF
- 145.480
- -0.620-0.42%
Close May 16 16:00 ET
146.156High145.480Low
146.156High145.480Low17.40KVolume145.930Open146.100Pre Close2.54MTurnover0.38%Turnover Ratio--P/E (Static)4.60MShares149.79052wk High--P/B669.21MFloat Cap118.20352wk Low2.45Dividend TTM4.60MShs Float149.790Historical High1.68%Div YieldTTM0.46%Amplitude50.465Historical Low145.871Avg Price1Lot Size
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$iShares 20+ Year Treasury Bond ETF(TLT.US$
Price has officially broken below a very long term support. Price has not crossed below this trending support level in over 20 years.
The volume is steadily increasing with each passing candle showing increased strength momentum of the selloff.
A weekly bearish cross of MACD histogram. Scary![]()
Just remember that when everybody is scared and looking the other direction then the market can flip the script real quick. In...
Price has officially broken below a very long term support. Price has not crossed below this trending support level in over 20 years.
The volume is steadily increasing with each passing candle showing increased strength momentum of the selloff.
A weekly bearish cross of MACD histogram. Scary
Just remember that when everybody is scared and looking the other direction then the market can flip the script real quick. In...
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LuckyPiggie : sorry for my ignorance... what's the reason for the massive selloff ?
SpyderCallOP : inflation, Russian war, interest rates and yield curve inversion. Many people are expecting a policy error by the US fed. there are several reasons.
Prospects for growth dont look good for the future. And everybody is trying to get ahead of the selloff which is exacerbating the selloff. Its like reverse FOMO or something. And the largest holders of US bond or not from the US. Most of the selling is from outside the US as well.
But i think the FED should be smarter than everybody is thinking. They wont let the bond market crash too much. But this looks really really bad. Sometimes the FED can fix a leaking pipe. But even the FED cant stop a waterfall....
This is going to be interesting for sure. It appears times might be changing soon
SpyderCallOP LuckyPiggie: melt down by definition
LuckyPiggie SpyderCallOP: ohh i see. Thank you for the explanation.
I thought it would be logical to affect the 2,3, 5 year bonds ... but 20yr bonds seems too far away. but if many were sold from outside US ... then not only Fed ,i think the whitehouse will be pressing the panic button very soon .
SpyderCallOP LuckyPiggie: i agree. but i wonder what the Whitehouse can even do? i have no idea to be honest.
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