We have been hearing a lot of bearish sentiment on bonds recently. Many proclaim the death of the multi-decade bond bull.
We have not heard Janet Yellen's FOMC statements on interest rates yet. The economic data is not overwhelmingly strong, so one could expect a dovish outlook. Trump does not control interest rates, so amid the rumors of a rising rates, the new president does not have the capacity alter monetary policy.
I post a simple chart highlighting various TLT corrections. Remember TLT is a volatile instrument that does correct sharply.
Lastly, RSI is at 30. Previous oversold readings have been great entry points.
We have not heard Janet Yellen's FOMC statements on interest rates yet. The economic data is not overwhelmingly strong, so one could expect a dovish outlook. Trump does not control interest rates, so amid the rumors of a rising rates, the new president does not have the capacity alter monetary policy.
I post a simple chart highlighting various TLT corrections. Remember TLT is a volatile instrument that does correct sharply.
Lastly, RSI is at 30. Previous oversold readings have been great entry points.