My call for a sharp pull-back in the Treasury market (and thus a sharp rise in long-term interest rates) just before Labor Day was SPOT-ON! When the vast majority of pundits were saying that central bank liquidity would keep both short-term and long-term interest rates low, I said that the bond market has become SO overbought that it was ripe for an acute short-term reversal.
This is call has worked out very well...and the move in the bond market has been (by far) the most important cause of the significant "rotation" within the stock market recently.
However, the TLT Treasury ETF is nearing an all-important support level, so this market has quickly moved to yet another important inflection point.
In other words, I continue to provide important calls for my subscribers at key turning points in the markets. To get these kinds of insights on a regular basis...and to find out the support level I'm watching very closely on the TLT, click here to subscribe to my premium newsletter. It has a money back guarantee, so I urge you to take a look!