Bonds do correct

We have been hearing a lot of bearish sentiment on bonds recently. Many proclaim the death of the multi-decade bond bull.

We have not heard Janet Yellen's FOMC statements on interest rates yet. The economic data is not overwhelmingly strong, so one could expect a dovish outlook. Trump does not control interest rates, so amid the rumors of a rising rates, the new president does not have the capacity alter monetary policy.

I post a simple chart highlighting various TLT corrections. Remember TLT is a volatile instrument that does correct sharply.

Lastly, RSI is at 30. Previous oversold readings have been great entry points.