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World's Smartest Banker Says "Could Be Hell To Pay" If Wall Street's Craze Goes Wrong

Benzinga ·  May 31 00:52

To gain an edge, this is what you need to know today.

Hell To Pay

Please click here for an enlarged chart ofiShares 20+ Year Treasury Bond ETF(NASDAQ:TLT).

Note the following:

  • TLT moves inverse to long term yields. A fall in TLT means long term yields are rising. In this environment, rising yields are a big negative for the stock market.
  • The chart shows that the rally in TLT failed at the trendline and close to the bottom of the resistance zone. This is a negative.
  • The chart shows that TLT fell below the bottom band of the...
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