The high yield corporate bond and junk bond ETF’s have both gotten slammed in recent weeks. Beyond that, they could easily be bear-flagging here, seen on their respective daily charts, ripe to break lower yet. Keep an eye on HYG JNK for potential shorts.
In addition, there may be larger issues to consider if the weakness persists.
Consider this article, for example.
Hat Tip: Scott Barlow @SBarlow_ROB
_________________________________________________
_________________________________________________
Chess
Great pic there. Do we have the other view