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As I’m typing this (a few hours into the trading day), all the stock futures are green, but bonds continue to free-fall. The bear market in TLT is truly a sight to behold.
This has, of course, been an utter bonanza for TBT bulls (the ultra-short fund based on bonds), which neatly shows how interest rates continue to skyrocket.
The multi-decade view of the bond market portends utter empire collapse.
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