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The bond market is doing what the Federal Reserve hasn’t — elevating charges. The worry is one thing goes to interrupt.
On this week’s version of StockCharts TV‘s Halftime, Pete opinions the TLT chart once more, speaking over the US 2-year yield much less the US 10-year yield. The two/10 unfold may go up, and, if that occurs, it could put additional stress on the TLT. He points a warning to look at the unemployment charge for additional indicators of a weakening economic system.
Pete additionally opinions AAPL and NFLX, which have modified pattern to the draw back by breaking down on the Relative Power indicator. He wraps up the present by highlighting a number of different names which are additionally breaking down, together with AutoNation, Weyerhaeuser, TopBuild Corp, and Quanta Providers.
This video initially premiered on October 5, 2023. You possibly can watch on our devoted Halftime by Chaikin Analytics web page on StockCharts TV, or click on this hyperlink to look at on YouTube.
You possibly can view all beforehand recorded episodes of Halftime by Chaikin Analytics with Pete Carmasino at this hyperlink.
Pete Carmasino is the Chief Market Strategist at Chaikin Analytics.
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