Treasuries (TLT) and the U.S. Dollar (UUP proxy) just will not go away quietly. They continue to show signs of being inversely correlated to stocks. As many market bulls want them to roll over, you can see even their resilience today despite the failed breakouts late last week. Those failed moves might not lead to complete crashes and instead could signal more consolidation near recent highs.
More on my video recap after the bell….
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But no mention from investors for XLU, XLP, XLV to roll over either 😉
Very true! Thanks, Pete