Market sees renewed volatility for TLT, Michael Kao notes

Market sees renewed volatility for TLT, Michael Kao notes
TLT double-bottom fails amid volatility

Michael Kao, CIO at Akadia Capital, comments on the failure of the TLT double-bottom pattern in the market as of October 7, 2026. Kao humorously likens the situation to Wile E. Coyote, implying investors should be wary if downward momentum persists.

Kao previously identified what he described as signs of a capitulation bottom in TLT and disclosed purchasing short-term call options during a period of perceived overselling here. In a separate analysis, he noted that rising long-end rates had reduced support for equities, with growth stocks remaining a key area of strength here. These views provide recent context for Kao’s current commentary on market momentum.

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