While the GMI rose to 4, the QQQ may enter a short term down-trend on Friday. Many of the recent leaders have cracked: FB, NVDA, WB. I am preparing to wade into SQQQ if the QQQ is weak on Friday. Interest rates are spiking, as shown by the gap down in the 20+ year treasury bond ETF, TLT, on Thursday.
1 thought on “Mixed signals as interest rates spike, $TLT”
This bond market bubble is slowly leaking air, probably exactly how the Fed hopes it works out. Any major spike in yields will be a negative for this market, given its rich valuation.