TLT Roadmap Dec 2023

Actualizado
Yields are likely in early stages of significant multi-month retrace lower into summer 2024
Nota
Good start
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Early stage
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More pulling back ahead
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Should start turning up
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Very good price action following the expected path
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I made a mistake with the instrument here, instead of TLT should have used IEF as 10 yr yields will fall faster than 30 yr yields
Nota
It is highly likely that this upswing starting Oct 2023 extends into Oct 2025. Obviously no straight line but some correction starting Aug into Oct 2024
Nota
Entertaining to say the least
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Market participants are fully imposing the Trump trade across asset markets. This most likely will form a triangle (currently D wave forming to the downside) before new highs in yields/lows in bonds
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Bonds setting initial low on that decline likely this week
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JP was a bit hesitant yesterday which is incrementally hawkish (as was Logan). I was very confident that this will happen once DJT wins. More cuts will further destabilize yields
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Probably quick rally this week
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Market was already sniffing the appointment of Scott Bessent as Treasury Sec as an outspoken deficit hawk
Trend Analysis

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