Chart Check: “Trouble”

So earlier today in "To 'Tantrum' Or Not To 'Tantrum', That Is The Question," I said the following about the juxtaposition between hedge funds' big Treasury short and still long equity positioning: ...if the highly anticipated repricing of yields higher turns out to be …err… higher-er—er than expected, the long equities side of this bet is probably going to be offsides as a dreaded “tantrum” event transpires. Long story short, a hawkish Fed is only bullish for equities to the extent i