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The world of high-yield corporate bonds has been obediently charging higher for years, right along with equities. However, if you scrutinize what’s been happening recently, you’ll realize that momentum is definitely waning. Look at the three trendlines I’ve drawn below; they’ve all been violated (the red one extending back to the early 2009 bottom). If nothing else, it seems the glory days for gains in the world of stuff like Ishares H/Y Corporate Bond (ARCA:HYG) and SPDR Barclays High Yield Bond (ARCA:JNK) are behind us for a while.
This will certainly be an interesting week, especially with the Federal Reserve meeting scheduled for Wednesday. I anticipate that Jay Powell will raise interest rates on...
Tricky times for markets, but for the Russell 2000 in particular. Since the start of the Silicon Valley Bank crisis, we have seen a rapid deterioration in the state of the markets,...
Fed rate decision, Powell comments, bank crisis developments will drive markets in the week ahead. Nvidia stock is set to shine amid AI buzz ahead of ‘GTC 2023’...
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