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Technical analyst Chris Kimble shares his views on Munis with a look at the iShares S&P National AMT-Free Municipal Bond Fund (MUB).
Chris comments: Studies from Meredith Whitney and Nouriel Roubini are suggesting sizeable challenges are ahead in the Muni bond arena.
I do "hope" they are wrong, yet as all of us know, "hope" isn't a good long-term investment strategy!
In the chart above, this Muni Bond ETF is suggesting to harvest and protect values right now in the Muni bond complex.
Higher rates and lower prices ahead for Muni's? The "Power of the Pattern" is suggesting that is the future direction!
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