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Despite Tokyo's benchmark index declining on reports of rising COVID-19 cases, global stock markets were higher Thursday morning.
And it looks like the correlation between the iShares 20+ Year Treasury Bond (Nasdaq: TLT) and the rest of the market is cooling off. But remember, markets move vertically and horizontally. So right now the TLT is in a sideways stage, and it could be there for a while because the last vertical phase was quite lengthy.
As you'll see, bonds aren't a very trendy market...
In this video, I'll explain the near-term correlation between stocks and bonds… the most probable trading action to expect from the long bond… vulnerability in the global economic recovery due to COVID-19… and three low-risk trade opportunities in financial stocks and ETFs.
The first financial stock I'm giving away today is rated a strong buy right now. It's moving higher and higher, and I think it could rally to $60 per share over the next six weeks or so. | | |
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