To The Moon

Hawisk comments from Federal Reserve ChairJerome Powell sparked selling on Tuesday, dashing hopes that the central bank would halt interest rate hikes in the near future. The S&P 500 fell 1.5% to finish at 3,986.37 points, just below the 50 daily moving average, but still above the 200 daily moving average. S&P 500 as of March 7, 2023 Dollar Index DXY broke 105 The US Dollar Index, which measures the relative value of the Dollar against a basket of important world currencies has now broke the 105level. It previously tested this level back in January 6, 2023 and found strong resistance. Thenext few days will see if the rising short term trend would continue. A strong US Dollar Index usually spells troublefor US companies especially those with worldwide operations, as it would translate to reduced US Dollar revenue after accounting for foreign exchange. 2 year yields top 5%, 10 year yields edging close to 4% Subsequently, the 2 year yields have topped 5%, while 10 year yield is currently 3.976%. Thechart action of the 10 year yield suggest that 4% is likely a peak, and that translates to a bottom is the iShares 20+ Year Treasury Bond ETF ( TLT ) US 2 Year Yield US 10 Year Yield iShares 20+ Year Treasury Bond ETF For traders/investors who are looking for buy the dip opportunities in the TLT and have some bond exposure, the dip below $100 on the TLT would be some opportunities to add shares. When the interest rates get slashed at end of2023 or 2024, the TLT will increase as bond yields decrease. $S&P 500(.SPX)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $Apple(AAPL)$