$TYA hits an ABCD price objective in spectacular fashion as Trump enlarges the trade war to include Mexico. Not sure what would cause a sell-off in bonds, but the fact the $TYA hit the ABCD target in such an explosive manner as we head into the last trading day of the month and new SSRs being set, makes me do a double and want to take money off the table. ...
This is part of a series of charts which I will posting for the reader to make up his/her mind based on the weight of the evidence. Do note, these are weekly charts which means the implications of which will occur over the next 12, 18, 24, 36 months.
What does the last 2 troughs in the TYA channel has in common with the current? Equity markets were at all-time-high. SPX CY'18 is expected to deliver +26% eps growth this year thanks to the tax cuts and budget deficits. Next year, it is expected to deliver something closer to norm, 10% growth. That is if the Trump's FART bill (google it, not kidding, there is...