Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Daily timeframe, MDY hitting a 10day low today. Midcaps are a good barometer. The $MID seems to be less manipulated by futures and options players and their considerations.
Junk and oil according to Forbes isn't that closely linked anymore. After accounting for half of last years defaults oil is supposedly only around 10% of the junk bond fund holdings.
Trades with cats wrote:Junk and oil according to Forbes isn't that closely linked anymore. After accounting for half of last years defaults oil is supposedly only around 10% of the junk bond fund holdings.
Good point, Cats, but... it's the marginal default rate that counts. Most of the iffy holdings in the selloff in junk last year were in the energy sector.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
"Oil’s latest foray into a bear market has left the world’s biggest junk bond ETF mostly unscathed,
with the damage so far contained to the energy sector."
QED wrote:High-Yield Carnage Stays Contained for Now
Well those shale drillers aren't paying a million bucks each for all those new wells out of free cash flow, they would loose their membership to the oilman's club if they even talked about drilling a hole with their own money.
On stockcharts the $WTIC DOES NOT QUOTE INTRADAY, so this is yestrday’s oil, and today’s junk.
I just wanted to show the relationship with junk.
As of 6/20/17 energy junk is 12.84% of HYG [source: ishares website]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:On vacation, see u all next week... oil... the relationship with junk.
As of 6/20/17 energy junk is 12.84% of HYG [source: ishares website]
Enjoy vacation, AD, and thanks for the HYG stat-- and for all the other actionable presentations that flow so generously from your typewriter onto the screen.
Come back refreshed. And bring some volatility back with you when you return...
On stockcharts the $WTIC DOES NOT QUOTE INTRADAY, so this is yestrday’s oil, and today’s junk.
I just wanted to show the relationship with junk.
As of 6/20/17 energy junk is 12.84% of HYG [source: ishares website]