View: slopechart_LQD.jpg

slopechart_LQD.jpg

No question the fed/blackrock intervention in LQD has helped it surge higher lately, however today it tagged a fairly established trendline and was repelled. I'm interested to see what all these trillions buys them - and whether or not they can actually keep pushing it higher

Image added via SlopeCharts
slopechart_LQD.jpg

Comments

TreasurehunterTreasurehunter
True. 
They cannot create taxpayers and the whole system was built on that. Having a captive audience has it's benefits ........ 
5/18/20
MattMatt
What could possibly go wrong buying junk bonds with taxpayer money, while taxpayer's can't afford their basic bills..... 5/18/20
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