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Despite rising interest rates (which you’d assume is great for banks, but the economy is heading for such a catastrophe, even that isn’t helping), the SPDR S&P Bank ETF (NYSE:KBE) has broken through important support.
Likewise, here we see that the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has also broken lifetime support, which makes sense, since why would anyone want to give money to a country with $30 trillion in debt?
The last question is whether or not the long-term bond trend breaks as well. OK, actually, it has already broken, but I’ve provided an even more lenient one as well. There isn’t much room left.
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The Fed raised rates by 25 bps. The decision was unanimous. The terminal rate projection is unchanged at 5.1% FOMC statement modifies guidance: “The committee anticipates that some...
As the Fed started lifting interest rates aggressively in early 2022, pundits almost universally declared the end of the housing market. Taking the rather lazy approach of...
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