A cooling housing market points to economic slowdown and easing inflationary pressures. This could push capital market yields lower, which is bullish for long-term Treasury ETFs like TLT. However, investors remain cautious of macro volatility and the Fed's next moves. $TLT
US Job data MISSES expectations: +42k vs +56k expected. Wage growth cooling down to +0.2%.
Exactly what the bulls needed. This cools down the aggressive Fed rate hike fears for September. Yields dropping, $TLT bouncing. Macro trend remains intact. ππ