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.
![tltbreak](https://slopeofhope.com/wp-content/uploads/2021/09/tltbreak-640x570.png)
In turn, TBT (double-inverse bonds) has respected its supporting trendline the entire way, and is gaining strength.
![tbtdup](https://slopeofhope.com/wp-content/uploads/2021/09/tbtdup-640x375.png)
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?