2Y Treasury moves up (leading) and IEF on 12dma AND construction downturn one year leads to NEGATIVE wealth effect the next year…NO REBOUND in XHB at all

Posted on May 25, 2025 by Credit Flow Investor

Notice on May 1 the utwo moved FIRST then IEF followed.

A key concept is ‘negative wealth effect’.

The XHB downturn leads the economy and leads to ‘negative wealth effect’.

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