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...
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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.
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.
QED wrote:The correlation between $WTIC and HYG = -0.23
As Mark Twain (didnt) put it: there are statistics, damn lie statistics, and then there are correlation statistics.
There are lots of nuances in using correlations. There's an art in selecting a lookback period; and sometimes there's no strong relationship-- until suddenly there is one! Or is one again-- as a longtime correlation which had disappeared suddenly reappears. I personally try to keep lookbacks as short as possible. Dead trends are of no predictive value. And periods of normalcy can have different correlations than sharp short periods of crisis investing. Etc.