The creator believes a major bottom is forming in TLT, suggesting a potential for several months of rising Treasury markets or falling yields.
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Big Picture Analysis in Treasuries | A Stock Market Warning?
Steve MillerMay 1, 2026
The creator analyzes the Treasury market, specifically TLT (20-year ETF), suggesting a major bottom is forming. This is interpreted as a potential warning for the stock market, as falling yields historically align with stock market declines due to a flight to safety. The analysis anticipates a stock market bear market into 2027, coinciding with a sharp drop in yields.
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