$TLT And The Sweet Taste Of Victory

Bond Rally Over? (David Tepper) Owning $TLT Like Picking Up Nickels In Front of Steamroller? (Doug Kass) Wrong

CLICK IMAGE TO ENLARGE.

$TLT And The Sweet Taste Of Victory - z tlt

Virtually all of our firm's many loyal customers and supporters (as well as detractors) around the world know that Hedgeye CEO Keith McCullough and our macro team have been arguably the most vocal proponent of being long the long bond via TLT on Wall Street.

It's worked out pretty well for us.

Following the release of the Fed's policy statement today, the 10-year yield fell all the way down to 1.92% (from 2.05% before the announcement.)

As you can see in the chart above, it's been a bumpy, but very profitable ride for us.

It's also timestamped. (See below current Real-Time Alerts signal from 4/1/14)

$TLT And The Sweet Taste Of Victory - z rta ex

Click to enlarge. 

An over 21% return? Not too shabby. Especially when compared to the S&P 500.

$TLT And The Sweet Taste Of Victory - Z TLT VS SPY

It's also important to mention that this TLT position hasn't been without some degree of controversy. It's received more than its fair share of criticism from basement dwellers trolling on Twitter, as well as some more well-known market pundits.

(See tweet below from said gentleman behind computer screen in Boca Raton ... who, incidentally, was attempting to make fun of our position in this particular tweet, despite the fact the he currently "blocks" us. It hasn't worked out so well for him.)

$TLT And The Sweet Taste Of Victory - z kass

We would be remiss not to mention the grand poobah pronouncement by David Tepper heralded on Bloomberg by Stephanie Ruhle back in September that: 

"It's the beginning of the end of the bond market rally. We are done."

 

Ehh, not so much.

Heck... we even ran a poll on it.

$TLT And The Sweet Taste Of Victory - z1

For the record, we remain long TLT.

***In closing, here's a look back at a handful of our inimitable cartoonist Bob Rich's cartoons. We thank you for continued confidence in us. Enjoy!

August 29, 2014

$TLT And The Sweet Taste Of Victory - Fightin  Words 08.29.2014

July 27, 2014

$TLT And The Sweet Taste Of Victory - 3  yield Godot 07.27.2014

October 7, 2014

$TLT And The Sweet Taste Of Victory - TLT cartoon 10.07.2014

December 12, 2014

$TLT And The Sweet Taste Of Victory - 1  cartoon 12.12.2014

January 6, 2015

$TLT And The Sweet Taste Of Victory - 10yr yield cartoon FIX 01.06.2015

January 26, 2015

$TLT And The Sweet Taste Of Victory - TLT cartoon 01.26.2015