Banks, Treasuries Falling To Pieces
Tim Knight | Apr 07, 2022 12:56PM ET
Despite rising interest rates (which you’d assume is great for banks, but the economy is heading for such a catastrophe, even that isn’t helping), the SPDR S&P Bank ETF (NYSE:KBE) has broken through important support.
Likewise, here we see that the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has also broken lifetime support, which makes sense, since why would anyone want to give money to a country with $30 trillion in debt?
The last question is whether or not the long-term bond trend breaks as well. OK, actually, it has already broken, but I’ve provided an even more lenient one as well. There isn’t much room left.
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