TLT Following Bullish Scenario
And TLT (20+ Year T-bond ETF) is following the bullish near-term scenario we have been discussing in its trek toward 89-90 next... Last is 87.82 off of an intraday high of 88.44...Flight-to-safety? Lower inflation expectations? A kindler, gentler Fed rate hike policy? An anticipated slowdown in economic growth? The Fog of War?
What happened to all of the concerns about the humongous supply of paper coming to market? It's still coming, that's for sure...