Selling Into Junk Strength

By -

On this day of lifetime highs on almost every important index in the world, I’m selling short high-yield bonds. Here are a couple of ETFs, each of which have vaulted over the past week to their respective topping patterns. Here’s high-yield fund JNK:

slopechart_JNK

Here’s the second, HYG:

slopechart_HYG

Share this post: