🏆 Today's Chart of the Day was shared by David Cox (@DavidCoxRJ).
- The iShares 20-Year Treasury Bond ETF ($TLT) has struggled since the start of the decade, falling roughly 51% from its March 2020 highs.
- David notes that little has changed structurally, with $TLT on track to close the year flat, marking one of its calmest years since the ETF's inception.
- Bond market volatility ($MOVE) currently remains at multi-year lows, and this quiet backdrop has coincided with one of the strongest equity runs in history.
The Takeaway: Bonds remain in a subdued multi-year downtrend, but the lack of volatility has helped sustain a bullish environment for stocks.
