SPY and TBT Divergence

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A fellow Sloper brought to my attention the peculiar disconnect between bonds and stocks right now. He also rightly pointed out that bonds tend to be "in the know" earlier than equities. Take a look at what TBT (the ultrashort bond fund) and SPY are doing right now – – –

0911-bonds

I think this divergence is going to resolve soon. And I think I know which side is going to compensate.