Post by
garyreins on Oct 21, 2024 6:55pm
OCTOBER 31
Yes its Halloween, but in 2023 it also signified something else- related to our investments in REITS.
Its the day where the 10yr bond yield began plunging almost straight and fast from close to 5% to 3.8% by early January.
I think we can get a repeat after this "flush", isnt that what these traders do, play both sides of the trade based on a few data points?
If the 10yr peaks next week at 4.30%, then it will likely dive back to 3.5% by Jan. Too much money they need to get off into risky investments to profit
Comment by
Torontojay on Oct 21, 2024 7:19pm
You are forgetting something. They lowered rates in September and almost immediately the 10 year began to rise. There are more rate cuts ahead. Eventually they will taper Qt and then Qe.