Univox used a form of feedback circuit to increase the cathodyne preamp and cathodyne gains in a number of their models. I have a U152 on the bench. I have attached the U-152 schematic where I have circled the circuit in question. I would imagine a few of you have seen this circuit before. I have documented the AC gain of this circuit on varying Univox models noting a significant AC gain increase of 50% or better in the models using a 3K or larger cathode resistor producing a signal gain averaging better than 100. I am measuring a signal gain of 105 in this particular amp.
Deciding to study this circuit more, I became puzzled by the fact that this circuit feeding AC from Anode to Cathode through the two caps would be negative feedback with, normally, an expected observation of a reduction in gain. What I had not looked at before were the AC signals at both the Anode and Cathode on a dual trace Oscilloscope (see attached pic). What I am seeing are signals appearing to be in phase

. Just to be sure what I was seeing was accurate, I did the same test on a normal gain stage and the scope does show the signals 180 degrees out of phase as expected.
Am I right to deduce that the negative feedback is so strong that it actually flips the cathode phase? Would there not be a phase shift in the feedback signal after passing through two caps? What else I am missing?