As I’m typing this (a few hours into the trading day), all the stock futures are green, but bonds continue to free-fall. The bear market in TLT is truly a sight to behold.
![](https://slopeofhope.com/wp-content/uploads/2023/09/slopechart_TLT-2-640x344.jpg)
This has, of course, been an utter bonanza for TBT bulls (the ultra-short fund based on bonds), which neatly shows how interest rates continue to skyrocket.
![](https://slopeofhope.com/wp-content/uploads/2023/09/slopechart_TBT-640x344.jpg)
The multi-decade view of the bond market portends utter empire collapse.
![](https://slopeofhope.com/wp-content/uploads/2023/09/slopechart__ZB-640x344.jpg)