The new Fed Chairman Jerome Powell was again put in a position to rattle and scare the markets in mentions on interest rate hikes and unemployment. The markets took his words lighter than expected and definitely lighter than this past Tuesday!
The markets were quite stable until President Trump began speaking about tariffs on aluminum and steel. This took the Dow tumbling as much as -587 points on the day. This leads us to our 3rd straight down day. Not even AAPL could hold on. Bonds inflated
We had mentioned in a previous post this week, our trade in the TLT.
TLT took off and the call spread was performing well.
As seen below, bonds were the place to be. Astute Strategist may play a close second, though we may be a tad bias.
To your prosperity,