On May 4, 2024 it was noted that a 61.35 degree angle reappeared between June 2022 and October 2023. This is similar to what was developed between February and November 2018 prior to the S&P500 decline in late 2018. It also aligns with what was developed between November 2005 and June 2007 prior to the collapse in 2007. It appears bond traders are preparing for a stock market decline.
Charts courtesy of StockCharts.com.
