Sentiment has really shifted in bonds in the last month or so and the TLT has really started to trade poorly. We're on the verge of a huge false breakout, which could lead to a sharp treasury market sell-off.
I highly suggest reading MacNeil Curry's take. He thinks a vicious move higher is coming in treasury rates. If that were to occur, we'd have a catalyst that slows down the economy and stop US equities dead in their tracks.
Trade 'em well!
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