Credit Flow Investor

average level per month

TLT and SPY are sometimes correlated but that is not considered “risk off”.

That would be more like risk ON for example 2021 or Nov-Dec 2022 or Nov-Dec 2023.

In 2015, SPY goes down and TLT goes up when RISK OFF…

Below is Nov-Dec 2023…SPY is risk ON

Note TLT is also below the 200 dma so technically in a bear market. RISK ON but still rebounds strongly.

above 60 dma again…

keeps rising since 2024…growing economy it’s negative.

From Feb 2025, a lot of his comments are bs like ai, green, etc.

but he does mention disgruntled workers, vote the bums out mentality and overvaluation. He doesn’t mention real estate being a stock only guy. He also has super bad timing…didn’t see 2023 or 2024, hence why he is in the media.

And Buffett was out in Nov 2024 so many know including M1 !

Notice M1 was positive when Buffett was getting out.