TLT: Remember Last September
Summary
TLT has broken out of a 4-month range and is above the 200-day moving average. The Fed's focus shift from inflation to t...
TLT has broken out of a 4-month range and is above the 200-day moving average. The Fed's focus shift from inflation to the labor market echoes 2024, when it cut 50 bps in September and 100 bps by the end of the year. Current optimism for TLT may be an overreaction; labor market weakness may be temporary, while inflation risks remain.
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