Short on AGG

٢ أغسطس ٢٠١٨

Technical analysis is great for free market securities, but, when it comes to treasuries, the Fed remains the bigger decider of price direction. Fundamentally, this instrument is set to go down further. The positive economic outlook pushes the Fed to raise rates and prices do not reflect their target yet. Over the coming two years, unless there is a dramatic change in policy, this will slowly degrade, price-wise.