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2023-09-07 13:35:13

Houston on Nostr: Not enough people are talking about it. The high-yield bond ETFs $JNK and $HYG are ...

Not enough people are talking about it.

The high-yield bond ETFs $JNK and $HYG are both trading outside-inside on the monthly chart and consolidating at the precipice.

If we see a break of last month's outside bar to the downside, watch out. 👀

This means that the market is expecting more defaults or lower recoveries from junk bonds, which could be caused by factors such as higher interest rates, a worsening economy, lower earnings, or more volatility, and drive investors into safer risk assets. 📈📉


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