You can ignore my arrow prediction but just for fun let's see how correlated it is.
But what we see here is that the
TLT
broke below its triangle and now seems to be reversing after a cool CPI print. It seems to have make a bull flag and big consolidation range that I drew out in those purple lines.
Let's see if the bond market can continue with the bullish moves as it does make sense due to the way that the rate decisions have been priced in.
IMO one more hike then cuts next year and 2019 level rates by end of 2025.
TLT
can get to $115-$120 by May-July 2024
Exciting stuff let's see.
But what we see here is that the
TLT
broke below its triangle and now seems to be reversing after a cool CPI print. It seems to have make a bull flag and big consolidation range that I drew out in those purple lines. Let's see if the bond market can continue with the bullish moves as it does make sense due to the way that the rate decisions have been priced in.
IMO one more hike then cuts next year and 2019 level rates by end of 2025.
TLT
can get to $115-$120 by May-July 2024 Exciting stuff let's see.