Sorry for the slow response.
As for the S & P shorts, I’m just not sure what makes the SM go down anymore. Good or bad news, higher dollar, higher rates, slowing economy, war, etc. It just goes up.
There is something going on in the bond market for sure. If the Fed cares, they’re already behind and in trouble. Someone is likely in trouble IMHO, because I’m sure a lot of the pro’s bet the other way like you did when the Fed cut. Why would you do anything else. Someone is dumping bigly though.