$TLT just hit an all-time low.

For context: This is the 20+ year Treasury bond ETF. When bond prices fall, yields rise. Translation: The market is pricing in either persistent inflation concerns, higher-for-longer rates, or both.

This isn't just a chart—it's a signal about where institutional money thinks rates are headed. If you're in equities, watch how growth stocks react. Higher long-term rates compress valuations, especially for high-multiple names.

Historically, when $TLT bottoms, it's been a decent contrarian signal. But timing that is tough. For now, the bond market is telling you: don't fight the Fed, and don't assume rates are coming down anytime soon.