The TIPS ETF, is the ETF for Treasury Inflation-Protected Securities (TIPS) has had a good correlation to the market indices as shown here in Orange (S&P500) and Cyan (NASDAQ).
However, in the last few weeks, particularly the last week... market indices have been on a massive bull run, with parabola. Today, the icing on the cake was the announcement of a viable vaccine by Pfizer. Note the bearish divergence of the TIPS price in recent weeks. The last three days the divergence got ridiculously large and today is at an extreme.
What does this tell us... that either TIPSis going to rally hard, or market indices will fall hard.
No prizes for intelligent postulations based on this observations...