Though long-term Treasuries have historically had low correlation coefficients with large-cap stocks, intermediate-term Treasuries are even less correlated with large-cap stocks.
Although I am still intermediate-term bearish on the market, not expecting the low for this second year of the Four-Year Presidential Cycle until October or November, this short-term rally might have longer legs than the last three oversold rally attempts that have taken place since the market topped out in April.
"The fact that there's a very young cluster of stars indicates that the intermediate-mass black hole may have originated as the central black hole in a very low-mass dwarf galaxy, "Sean Farrell, of the Sydney Institute for Astronomy in Australia, said in a statement.