I have been following this correlation between the S&P 500 (brown line) and Junk bonds (candles). I have been saying that this divergence must close at some point. I wonder if the SPX will pull back to re-couple with JNK in the next few weeks. I am not saying that it will but it's something that would not surprise me. Lets see.
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Sunday, February 1, 2015
High yield credit is holding steady
I have been following this correlation between the S&P 500 (brown line) and Junk bonds (candles). I have been saying that this divergence must close at some point. I wonder if the SPX will pull back to re-couple with JNK in the next few weeks. I am not saying that it will but it's something that would not surprise me. Lets see.
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