The chart below reflects how a variety of assets performed over a 70-day period of time, ending July 10. As you can see the top performing asset was the inverse bond ETF TBF, as interest rates rose sharply during this time frame.
[[graph_1]]
During this time window TBF made three times as much as the S&P 500 and made investors as much in two months as the S&P 500 has for the year.
The next chart reflects a pattern that suggested interest rates were about to "Blast Off and Bonds could get hurt" before it happened (see post here).
[[graph_2]]
The above chart reflected a double bottom in yields and a bullish inverse head & shoulders in yields, suggesting a sharp rally in interest rates was about to take place...and it did.
Will the Bond Beating continue?