To update this blog post from last week, high yield corporate paper and junk continue to quietly get smashed.
The HYG and JNK ETF’s both illustrate as much, below, with bear pennant breakdowns today.
As far as divergences and correlations to equities go, it won’t matter until it does, and then everyone will point to it in hindsight as a warning sign.
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While notable volume on SJB stock and call options on quietly rising…
nice charts