I bought SCHD late August thinking it would be a defensive position in a drawdown.
Shit has tanked 3x more than SPY this month.
One of these days I'm going to make a post outlining all of the absolutely absurd ways the market has fucked me this year.
I bet I could bring rates back down by shorting TLT.
I mean it was a pretty massive sell-down at the end of the day. There was bounce to be a retrace. And it's probably just following up on yet another small jump on TLT. Algos are now mechanically buying on bond swings as much as oil swings.