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The largest mass shooting in US history, and naturally equities are at lifetime highs again. Incredible. Anyway, one chart that remains interesting is that of high-yield corporate bonds, which remains mashed up at the top of a very long-term channel. I recognize that a dividend was issued, and that partly explains today’s weakness, but the downturn from a few weeks ago is more substantial than the dividend. I’ve provided a detailed view of recent activity.
I last wrote about the five FAANG Tech stocks at the end of June.
Since then, we’ve seen rotation in and out of these stocks, as depicted on the following four percentage gained/lost graphs of varying lengths of time…namely, Year-to-date, 2017 Q3, the month of September, and the past week, respectively.
