As is shown in the charts below, interest rates and TLT move in opposite directions. Rates bottomed in March 2020 and twice earlier this year we tried going long the new uptrend in rates via TLT puts. We were early both times. As illustrated on the long-term 30 YR Treasury Bond Yield chart below, rates finally have resumed their uptrend. This weekend I expect to recommend a longer-term put on TLT that will take advantage of the new trend. Minimum expectation is taking out the March low of $133.19. As is shown in the chart below, TLT is breaking down below its 6 month counter-trend line right now. There may be a lot more to go on the downside. More in the Weekend Update.
