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TMF Approaching $47 Support Level

TMF has been gradually decreasing since Sept, and is approaching my buy target at the light blue trendline. I think there could be a rebound around $47 for a buy opportunity. US bonds are a safer investment with lower ROI. Money has been flowing back and forth between risk-off bonds and risk-on stocks. It is important to pay attention to the trends to see if investors are scared of the macroeconomic situation or not. Currently the sentiment is bullish and investors are willing to take risks with stocks at all time highs.

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