$Direxion 20+Yr Trsry Bull 3X(TMF.US)
For more than a month now, everything has been bearish for U.S. Treasuries.
Hedge funds started shorting bonds on the day of the rate cut, then the Democrats had to protect the stock market during the election, the East sold bonds, economic data (like non-farm payrolls exceeding expectations), oil prices rose (now they've fallen), and then came the Trump trade (inflation risk). Last night, Fed-watching media (the mouthpiece) suggested there might be no rate cut in November........
The chance to break even in the future: After the election, Wall Street might think stocks are overvalued. With the current sluggish growth in the stock market, they might hype up recession expectations (or just hype it without an actual recession).
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