Trader, Treasury Bond Bears Capitulate in Five Words

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Free TheoNight Report - for Monday, October 23, 2023 by Brandon Chapman - Treasury Bond Bears Capitulate in Five Words


Markets temporarily reversed following a message on X by Bill Ackman. The five word message, "We covered our bond short." With yields testing 5%, it;s a natural position to cover, but it's the implications that are both bullish for bonds and largely bearish for the market. (OXY, NEE, WPM, GDX, FXI, MARA, TLT).


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