TLT smashed
The go-to Treasury note/bond fund, TLT, has gotten hit hard the past few days, down about 3%, which is a large move relative to its typical gyrations. Losses over the past few months have driven the fund nearly 15% below its 52-week high.
Normally, we'd expect a consistent bounce-back after losses like this, especially for a vehicle that has been in an uptrend pretty much the entire 19 years it's been in existence.
After similar declines, it did have a moderate tendency to rebound over the next week or so, but it wasn't as strong of a signal as we'd like to see to suggest aggressive action.

