TLT has lost its uptrend, and lost the 200D EMA.
There's a very long term support line at $94, perhaps we'll get a bounce here that keeps things level until we get the next rate cut.
I'm out of TLT for now, will look to rebuy when I see something that looks like a bottom, or around Halloween in anticipation of a run up leading into the Nov FOMC.
Anyone have ideas on why TLT is falling during a period of rate cuts?
Are we so far ahead of the game that we know rate cuts will ignite inflation, which will push TLT down?
.. or is the international community pulling away from US treasuries, reducing demand.. and the next wave of inflation gets driven by global TBill sales?
Your thoughts are welcome below.
There's a very long term support line at $94, perhaps we'll get a bounce here that keeps things level until we get the next rate cut.
I'm out of TLT for now, will look to rebuy when I see something that looks like a bottom, or around Halloween in anticipation of a run up leading into the Nov FOMC.
Anyone have ideas on why TLT is falling during a period of rate cuts?
Are we so far ahead of the game that we know rate cuts will ignite inflation, which will push TLT down?
.. or is the international community pulling away from US treasuries, reducing demand.. and the next wave of inflation gets driven by global TBill sales?
Your thoughts are welcome below.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.