The beginning of a new week this week (the final week of September 2023) after a really ugly week on the markets last week, and everything seems docile in the overall markets today… except the bonds market… truly decimated and now testing 2010/2011 levels. Check out my published thoughts about TLT here:
https://seekingalpha.com/article/4630031-tlt-bearish-barrier-amidst-upcoming-interest-rate-hike-decisions
But is this all that unexpected? Not really. This could be the calm before the storm if trends keep continuing, and you only have to look at the charts to see those trends that have developed. But that’s ok, keep nimble, go with the flow, and keep an open mind as to how each side is thinking. Should a support level in TLT, for instance, develop and a turnaround truly occur (confirmed with indicators), then let’s work with that.
In the meantime, let’s keep an eye on this (as well as the overall markets) on a weekly basis – the latest video is located here (like and subscribe so that you can get the latest updates):
https://www.youtube.com/watch?v=t0_C-4SFHPE
Catch up with you soon!