Correct. Treasuries and stocks have been correlating heavily since the 2022 downturn. As they say, one of them is lying.I know, but when you put the S&P chart over the one with treasuries in it, somehow they mirror the S&P 500 chart, ESPECIALLY in the downturns! IDK, how they managed that! There's no apparent diversity.
That correlation won't last if and when any financial instability/ big recession hits the markets again. JMO.