$TLT - SAFE HAVEN -
Added 2024-06-14 12:38:53 +0000 UTCThe entire market is red in the PM now, not just Chinese ADRs, not just the stocks you hold, every sector....apart from $NVDA of course.
And $TLT is green, along with crypto.
Early signs that there is some rotation out of the market.
$TLT we know has traditionally been the top safe haven when the market shows weakness but over the last 2 years, it has not been reliable, however it is now at a price where people may start adding because of its risk v reward at this price.
We know how heavily correlated Bonds are with the US 10 YR, when one climbs, the other declines....this is why we are seeing $TLT climb over the last few weeks.
I have added in the small impulse wave now as $TLT moves higher.
