Hold SPY by Jun 13, 2026.

Posted about this before. Moved 15% of my equity allocation into short duration treasuries on the breadth divergence. Added another 5% after PPI came in at 6%. The thesis was simple, CPI at 3.8%, breadth at 53%, rate hike odds at 39%, pullback to the 20 day around 700-710. SPY is at 744. Still holding the treasuries at 4.3%. But some data came across this week that wasn't part of my original analysis and it changes the setup enough that …