After such a steep and brutal sell-off, the technical picture for TLT
in the longer term still remains intact. This move that began in 2014 will not end like this, what with interest rates at historic lows all over the world. The FED can claim to hike in Dec
, but I never focus on what they say, but rather on they do. Just try and remember what they claimed to do at the start of 2016 ... can anyone remember the call for 4 hikes in 2016? Which then became 2? And then now, it seems we will be getting 1 in Dec? My assertion is higher prices for TLT
in the days and years to come. Great opportunity to go long TLT
with the market front-running the US Fed.