On Friday of last week, I pointed out that TLT (bonds) had broken their ascending channel. Well, that was the signal. Today 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?