A look at intraday the 1 min $TLT chart laid over the $SPY
Note what happend around 12:15 pm EST.. Bonds yields began to drop (TLT price rising) as equities (SPY) sold off into lows of 150.59.
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After the SPY bottomed out @ 1:30 pm EST its price began to rise in tandem with TLT’s price. See the huge pocket created post 12:15 pm EST? TLT closed green and so did the SPY by .07%.