On Friday, these highly correlated "cousins" were strikingly divergent. They move large and opposite to each other.
This kind of odd move could be what is nicely called an "exhaustion gap" but I kind of think of it more as an intentional throw off by the big boyz, the market makers, HBB......the ones who bought the gov.
As such I took a short position in afterhours futures on Friday afternoon. Seemed like a no-brainer, Sunday will tell!!
