Moving along to treasuries, yesterday I said the negative divergence (short term) in TLT was so developed that there was no way in my view TLT wouldn't see some downside, it did today, however...
I just found the EXACT same behavior in TLT as reported in the VIX, this is the same as last time before a sharp correction and even on the same day, a Thursday before a weekly op-ex Friday with the sharp correction on Monday.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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