Ishares 20+ Treasury Bond | TLT | Long in the $90s
Ishares 20+ Treasury Bond 
TLT are particularly sensitive to interest rates: the price moves up when they are lowered and down when they rise. Locally, I'm witnessing banks lower their interest rates for CDs and shorten the duration for those with high-yielding returns. The general political rhetoric, especially due to the election cycle, is a push for the Federal Reserve to drop them. Now, despite the possible negative economic implications of lowering interest rates too soon if inflation is high, there is a good probability they may be lowered (even slightly) in 2024... perhaps September?
This analysis isn't to time the bottom perfectly, though. Instead, it's a probability assessment. Personally, TLT in the low 90s is in a long-term "buy-zone".
Target #1 = $104
Target #2 = $122
Target #3 = $170+ (very long-term view / economic crash... let's hope not, though)
TLT are particularly sensitive to interest rates: the price moves up when they are lowered and down when they rise. Locally, I'm witnessing banks lower their interest rates for CDs and shorten the duration for those with high-yielding returns. The general political rhetoric, especially due to the election cycle, is a push for the Federal Reserve to drop them. Now, despite the possible negative economic implications of lowering interest rates too soon if inflation is high, there is a good probability they may be lowered (even slightly) in 2024... perhaps September? This analysis isn't to time the bottom perfectly, though. Instead, it's a probability assessment. Personally, TLT in the low 90s is in a long-term "buy-zone".
Target #1 = $104
Target #2 = $122
Target #3 = $170+ (very long-term view / economic crash... let's hope not, though)
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