I read somewhere recently about two co-relationships between bond prices/yields and the SPY.
First was about TLT - where TLT goes, the market (SPY) follows it was said.
Second, was about the UST10Y (US Treasury 10 Year Yields) having to abate its bull run before the SPY cools its bearish rout.
So, I took the opportunity to put these thoughts together visually...
