The ratio broke down and then made a lower high, and now it appears to be going down. This is short term bearish for stocks (indicating bonds may out perform stocks). This may last from couple of weeks to couple of months and thus there may be some swing trade opportunities.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.