Classic Gap Down In Bonds Is Negative For Stocks – Spot On Long-Term Arora Call
Portfolio Pulse from The Arora Report
The article discusses a classic gap down in bonds, which is negative for stocks. It mentions heavy volume on the gap down, indicating conviction in selling bonds. The yield on 10-year Treasuries touched 4.5%, which is used as a reference rate in determining the fair value of the stock market. Rising yields mean a lower fair value of the stock market. The article also mentions aggressive buying in Apple Inc (NASDAQ:AAPL) stock due to the launch of the iPhone 15 in retail stores. Money flows are positive in several tech companies, while mixed in SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ).
September 22, 2023 | 2:45 pm
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POSITIVE IMPACT
Aggressive buying in Apple Inc (NASDAQ:AAPL) stock due to the launch of the iPhone 15 in retail stores.
The launch of the iPhone 15 in retail stores has led to aggressive buying in Apple's stock. This could potentially increase the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Money flows are mixed in Invesco QQQ Trust Series 1 (NASDAQ:QQQ).
The mixed money flows in Invesco QQQ Trust Series 1 indicate uncertainty in the market, which could lead to a neutral impact on the ETF's price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Money flows are mixed in SPDR S&P 500 ETF Trust (NYSE:SPY).
The mixed money flows in SPDR S&P 500 ETF Trust indicate uncertainty in the market, which could lead to a neutral impact on the ETF's price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80