Traders,

The Federal Reserve is in a war against inflation, and its favorite weapon is raising interest rates. You can track the direct impact of their campaign via mortgage rates and bond yields. While yields did pause briefly at the beginning of October, they’re back to zipping higher.

Indeed, this week the ascent accelerated. The 2-year yield just topped 4.6%. The 10-year isn’t far behind at 4.24%. Talk of 5% is now making the rounds.

The poor mortgage market is in an even greater state of shock, with the 30-year mortgage rate eclipsing 7.3% this week. It’s a horror show with loads of implications for the housing market. None of them are good. As for stocks, it’s hard for a rally to stick with the uptrend in interest rates gaining steam again. Boo.

Video Of The Day: Thinkorswim (TOS) Tutorial: How to set up a Debit Condor (DebiCon) in Thinkorswim

In this video tutorial, you will learn how to set up a Debit Condor (DebiCon) in Thinkorswim (TOS). The Debit Condor is a bi-directional options strategy to make money if the stock moves up or down in the near future.

Chart of the Day: Ten-year Yield ($TNX)

The ten-year yield broke out this week and is screaming higher.

Options Theory Blog

The Iron Condor Appeal

Today’s video shows how to (1) Build an iron condor; (2) Leg in to an iron condor and (3) Understand the margin requirement when you add a bear call spread to a bull put position.

Today’s line up

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

Cash Flow Club Replay

If you missed last night’s webinar with Coach Greg Holmes where he talked about Benefiting from Bear Markets or would like to watch it again, check it out here.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.

Women in Trading MasterMind Group 8:30 PM EST

Once a month we’ll be hosting a live webinar featuring Women In Trading with Coach Emily. Get in the game!

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