TSX:BPO.PR.A - Post by User
Post by
CrazyTraderon Aug 15, 2024 1:03pm
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Post# 36180905
Historical trading pattern of Prefer ETFs such as CPD,HPR...
Historical trading pattern of Prefer ETFs such as CPD,HPR...If you go way back and Chart these Prefer ETFs with Central Bank rates you will see a correlation. When rates go down, ETFs go down. When rates go up, ETFs go up.
If you go way back you will see the trend was DOWN DOWN DOWN DOWN.
Suddenly something CHANGED in 2022. RATES started to rocket up..... BUT these ETFs went DOWN!!!!! What happened?????
In 2022 the yield curve inverted. Suddenly everything was upside down.
While rates are heading down, the inverted yield curve isn't correcting, instead as you all notice, the 5yr BoC rate just tanking.
All just my opinion/view/thinking that everything just CRAZY