One of the most interesting things to see this year will be if the bond market breaks down and we see rates shoot up faster than expected.
S&P 500 v Junk daily. While SPX rallied in 2017, junk bonds did not. Now it seems that stocks are re-connecting with junk bonds as the prospect of a potential four rate hikes in 2018 start to become a reality.
JNK weekly back below the kumo.
TLT weekly the long term trend line has broken.
No comments:
Post a Comment