When volatility increases in the equity market, traditional safe haven assets like commodities (e.g., gold) and bonds can often act as a buffer for portfolios. Bond prices have stabilized since making a bear cycle low in late 2023 and offer attractive yield. For one, the popular iShares 20+ Year Treasury Bond ETF (TLT) has an indicated yield of 4.14%. The ratio TLT to the S & P 500 Index (SPX) has improved intermediate-term momentum in response to an intermediate-term counter-trend 'buy' signal from the DeMARK Indicators. We liken the setup in the ratio to November 2023, June 2024, and February 2025. All three times TLT saw a phase of improved relative performance versus the SPX over the next 2-3 months. While we expect bonds to outperform stocks in the short term, we view it as counter-tr

See Full Page