Junk’s Bearish Market Divergence Continues

Junk bonds have bounced with Santa (nominal HYG, top panel), but have remained locked in downtrend all through the bounce.  Further, Junk vs. Investment Grade and long-term Treasury are still…

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Bond Risk Profiles Flip Flop… Slightly

Yesterday we noted TLT (often risk OFF) was popping up from its flag.  Today that is reversed.  Today we see a massive risk 'ON' impulse throughout Wonderland, I mean the…

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Risk is OFF

Risk is OFF [ed: 'Risk Off' might seem obvious this morning, but NFTRH has been highlighting acute risk in the US stock market since leading indicators - including a sentiment…

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