Friday June 25, 2021
Boy howdy is Jerome P. going to be surprised. Take a look at the bear bond fund.
After hitting a new low just a few days ago, TBF reversed to the upside in big fashion today. We have been patiently waiting since early March for this event.
This heralds lower bond prices and higher interest rates ahead.
Ratio Chart Short to Long
Readers of this blog are aware I have been predicting a move to higher interest rates since the bond price bottom in March 2020.We are now beginning the fifth wave of the first large Wave One in interest rates advancing or bond prices declining, take your pick. This is going to be fun and we are here at the very start.
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