Long-dated US Treasuries look favorable as the rise in 10-year yields appears mostly over; inflation searches have peaked, and only 13 of 29 tracked commodities are above their 50-day averages. x.com  x.com  x.com 

A move back toward 4.8% on the 10-year yield could drive a massive short-covering rally in Cipher Mining. Everyone is on the 6% yield train, while Abbott is freezing approvals before the midterms; those approvals should clear afterward. The squeeze setup looks promising, but it remains a bet on rates. x.com  x.com 

A new uranium rally looks set to start soon. Per Goldman Sachs, uranium is another commodity bull market, driven by about 20 new US reactors over the next two decades, reactor restarts and longer reactor lives, while supply keeps disappointing and a 32% supply deficit is expected by 2045. x.com  x.com 

Economic projections for falling inflation and rising unemployment leave December as the only window for another Fed hike, exposing long-dated Treasuries to more selling as yields rebound. Treasury buying has cooled yields ahead of the midterms, but yields should rise again with stocks and crypto through year-end. The subsequent liquidity shift should bring bearish volatility at first; then TLT should break above 81-82 as the Fed turns to cuts of at least 50 basis points by March 2027. x.com 

Treasury yields are putting in a top, and bonds look to be at a major bottom. Deflation is coming, and investors are extrapolating rate momentum, adding two plus two and getting six; that move will likely reverse soon. The fear in questions about how high rates can go is typical of major bottoms. Equity markets are not close to signaling a reversal either. x.com  x.com 

Uranium needs gigantic investment because the spread of nuclear energy requires it, and it is not too late to buy in. The Global X Uranium ETF offers exposure through top holdings such as Cameco, Oklo, Uranium Energy, Energy Fuels, Nano Nuclear, NuScale Power, Denison Mines and Centrus Energy. x.com  x.com  x.com 

Uranium has been trading terribly, and many longs are true believers who need to be disappointed before it has its time, even as energy security grows more important. x.com 

Long-dated US Treasuries benefit from falling long-end yields as the Fed's inflation response becomes a policy error. The Fed looks likely to hike again to defend its credibility despite a supply shock; 5% rates are unsustainable, and current price action points to financial damage followed by a hard pivot. A one-year rate freeze could instead let long yields rise by giving the economy a breather and making later hikes more likely. x.com  x.com  x.com  x.com 

Rising uranium prices and the Westinghouse IPO, which retail has largely not been tracking, make the uranium sector very attractive right now, and uranium names are already running. x.com 

Long-dated Treasuries could rally after a Fed hike, because a hike could lower or at least cap the 10-year yield more than any other intervention at this point. The 10-year yield bottomed near 3.66% when Powell started cutting in September 2024 and has not returned there since. @lord_fed's point that the long end may rally after the hike, having sold off through the 2024 cutting cycle, holds. x.com  x.com