Is Something Ok?
Seeking Alpha Analyst Since 2013
The nightmare of summers for bonders like: Ishares Barclays 20+ year Treasury TLT, ProShares UltraShort Lehman 20+ Year Treasury TBT,looking Gold SPDR GLD, mortgage rates are picking up again also.Today, On CNBC
"A month ago, I would have said I think the American economy is goingto strengthen in the second half of the year. It's become a moredifficult question. What makes it more difficult has been the incrediblespike in mortgage rates," -said Richard Bernstein, CEO of RichardBernstein Capital Management.
I think we'll see S&P 500 at $1650.00 maybe November. The bonds will be dry up and Stocks will be wet.
Brokers say the big trades sent close to $750 million into ProShares Ultra 7-10 Year Treasury Bond ETF (UST), a leveraged bet on U.S. government debt, and $2.5 billion into iShares 3-7 Year Treasury Bond ETF (IE). At the same time, large investors pulled close to $5 billion out of ProShares Ultra S&P 500 ETF (SSO), a leveraged bet on stocks, and iShares Core S&P 500 ETF (IVV). According to barrons.com
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