SPY Tbils GAP

The bond market just got a boost with recession fears the 10 year and 3 month Tbill has a gap that hasn’t been seen in decades 150bps. It’s pretty reliable indicator for a slowdown in the economy. Remember the market is not the economy it is future seeing. If yields rise less people are buying treasuries= risk on, if yields drop more people are buying treasuries= risk off. There’s so much going on. The bears don’t seem strong at the moment to take it below 400 that would need a lot of sellers on tech. Looking for 410 pretty soon
As always trade what’s in front of you good luck