TLT set for 172
TA: TLT consolidating within a rising wedge. Upside target 172 at prior highs.
Fundamentals/macro: Bonds have been positive correlated to a rising stock market lately. One would anticipate bonds to continue to get bid up even if stocks sells off due to high demand for liquid assets and collateral during market turmoil.
Qualitative: COVID-19 cases are rising. Stock market hasn't cared so far, but the risk is rising.
Fundamentals/macro: Bonds have been positive correlated to a rising stock market lately. One would anticipate bonds to continue to get bid up even if stocks sells off due to high demand for liquid assets and collateral during market turmoil.
Qualitative: COVID-19 cases are rising. Stock market hasn't cared so far, but the risk is rising.
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