When I glanced at HYG just now, I thought it was a data error of some kind. HYG is the boring old corporate high yield bond fund. It just doesn’t move like this. But it’s real. Up 25% in 14 trading days. Thanks to the Fed declaring they are going to pig out on this stuff.
Here’s a long-term chart, just to give you some context.
The United States is an Olympics sized swimming pool, folks, and we have just dumped into the deep end.
Oh, as for HYG? I shorted a bunch of it at 83.18 with a stop at 84.05. Bite me, Jay.