Somethings Gotta Give... And It's Likely Bonds $SPY $TLT
Stocks and Bonds have been grinding higher together off the March lows, but it looks like that relationship may be coming to an end as $TLT is looking more and more like a rounded top while $SPY continues to work out a constructive bottom and make higher highs... Watching closely as this can change fast with the resilience in bonds making us wary of the recent rally in stocks.