TLT: Catching The Falling Knife

10 Kas 2016

Time to buy a small position in TLT. At the very least, we could be due for a rebound off the .50 fib level from the 2014 lows. Over the next year, it is more likely than not this will be seen as a buying opportunity although perhaps not the best spot, once again, risk reward seems quite nice. Also Chinese deflation risk is massive right now.

14 Kas 2016

Not

Bond yields in the US going much higher. Before they head lower. I'm buying the bonds and shorting them through 9 month duration puts to hedge any downside.