So TLT seems to have bottomed. With the FED nearing the end of the rate hike cycle I'm thinking this could be a good time to start a position. Even if they hold rates high for longer I think 2025, 2026 it could be possible to return to the $120-150 range. Seems like a solid play. Don't have to worry about earnings or growth like you would with a company. Seems like just a play on monetary policy and waiting for inflation to cool down and the FED FUND rate to come down. Which I'd imagine is almost guaranteed to happen one day.
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