Regardless of Fed, correlation between Bonds and stocks has been, historically and technically, at least from a cyclic periodical point of view, negative. Average -0.80%.Green boxes are showing the following. Only question remains what is the effect of the fed on the correlation, besides DXY, USO etc... from a long term, medium and short term point of view. I read on TradingView TLT is positively correlated to SPY. That is not true, maybe TYX (bond yields) is positively correlated to SPY. Even Gold is more correlated to SPY than TLT......The only way you could be right is to take a chart from 2000 to 2013, but i never did a 10 year long trade yet and i think i never will.
Komen
BEI
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above previous highs on yields should be bad for bond prices reversal
BEI
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Yesterday fibo level held on TLT and SPY is selling for now...nice divergence on weekly charts for the bonds, enough to initiate a long trade with tight stop loss