The Fed Meeting Next Week

The 10 year, if we want to pull up a one year chart of the 10 year US treasury yield, it really feels like it's having a tough time kind of working out above this kind of 3.8% sort of zone. And I feel like everything that we've just discussed and really speaks to what we think is going to be a stagflationary environment is probably not that bullish for longer term yields. The question is, what will take us higher in the TLT and lowering yields? Well, I think it's going to be continued weakness in the underlying economy,. There hasn't been anything that has raised alarm bells yet as long as inflation keeps happening.