If stocks are ever going to experience weakness again, I think the bonds have to lead the way. As such, I have been keeping a close eye on TLT, which has been in its own private bear market for approaching half a decade now. We can see that, finally, TLT is getting some selling now that it approached its horizontal resistance.
Looking closer, this time at the bond futures themselves, we can see what a pitch-perfect job prices are doing with respect to their price gap that I’ve emphasized with an arrow.
