The Halftime Show: Fitch Downgrade Sends TLT Closer to Target Set Months Ago

There is no way around the fact that as bonds fall, yields rise. Some say this is a non-event, while Pete says, “let the trends tell you what type of event this is.” Mega-caps have pulled back, but two massive names are due to report tonight, Apple and Amazon. In this week’s edition of StockCharts TV‘s Halftime, Pete looks at the charts for future clues before earnings. Oil moved up and out of Pete’s White House Buy Range, and the US Dollar is at a resistance level built over a year ago. any move higher means rates are up, and bond prices are down. That could mean a drag on overseas revenue for the multi-nationals. Pete reviews the Dow Theory using Dow Transports vs. the Dow Jones.

This video originally premiered on August 3, 2023. Click on the above image to watch on our dedicated Halftime by Chaikin Analytics page on StockCharts TV, or click this link to watch on YouTube.

You can view all previously recorded episodes of Halftime by Chaikin Analytics with Pete Carmasino at this link.