Bond investors loved the swift decline in Crude Oil that started last fall.
As Crude Oil was falling 60%, popular bond ETF TLT rallied 24%.
As TLT was hitting resistance, Crude Oil was making an attempt to put in a double bottom.
Once Crude Oil looked to have created a “W” bottom at support and started a historic rally, TLT has been falling swiftly, breaking below rising channel support of late.
Has Crude rallied enough? Crude has impacted bond players for months, watch Crude closely in the days ahead!