Broken Bonds

On Friday of last week, I pointed out that TLT (bonds) had broken their ascending channel. Well, that was the signal. Tuesday they fell with some more gusto.

In turn, TBT (double-inverse bonds) has respected its supporting trendline the entire way, and is gaining strength.

So, let’s see………a global economy absolutely CHOKING on hundreds of trillions of debt, with interest rates on the rise. Sounds like a formula for a thriving worldwide economy, doesn’t it?

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.