Posted by DigiNomad on 1st of Nov 2023 at 11:26 am
I think SPX is just squeezing...technical bounce from a logical
level. HYG almost has to go down in price / higher in yield. The
current level relative to Gov bonds makes no sense heading into a
default cycle (continuing through the cycle...bankruptcies have
already spiked).
Not sure what's up with
Posted by timebandit on 1st of Nov 2023 at 10:56 am
Not sure what's up with HYG. It's become uncorrelated with $ONE:$TNX, also has negative divergence with $SPX
I think SPX is just
Posted by DigiNomad on 1st of Nov 2023 at 11:26 am
I think SPX is just squeezing...technical bounce from a logical level. HYG almost has to go down in price / higher in yield. The current level relative to Gov bonds makes no sense heading into a default cycle (continuing through the cycle...bankruptcies have already spiked).
Your chart shows UPP fwiw
Posted by steve on 1st of Nov 2023 at 11:01 am
Your chart shows UPP fwiw
Thx, fixed it
Posted by timebandit on 1st of Nov 2023 at 11:03 am
Thx, fixed it