Stocks should decline if this trendline does not hold – See It Market
As the media obsessively focus on encouraging the S&P 500 to close at a new high, the bond market is quietly crumbling.
The 20+ US Treasury Bond ETF (TLT) broke its 50-day moving average today and has now seen the second worst 5-day decline since the March 2020 crisis.
The last time Treasuries were hit this hard was in late June and the S&P 500 had sold over 6% from its peak.
However, history…
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