Jaws closing

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The high yield (junk bond) spread against Treasuries, having earlier moved above the important 4% threshold, continues to advance higher. It has now eclipsed 5%. Accompanying this indicator is the SPY decline which has caused these "jaws" to move closer to closure. Maintain risk management and stay aware for signs of reversal.
Nota
It's happening....again
Nota
The junk bond spread recently fell below the very important 4% threshold. This is a confirmation of the "risk on" sentiment and the SPX is enjoying the ride and getting ready to test important levels. A great barometer to keep an eye on.
Nota
The 2023 equity market advance was met with a corresponding decline in HY spreads. These "jaws" again appear to be on the verge of a potential closure.
Dagangan aktif
We are "back at the scne of the crime" with jaws that appear as huge as the big bad wolf's ;-)

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