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 the world. HYG (always risk ‘ON’) is up and out of its flag, but not strongly so. No conclusion; I just like to dig things up sometimes and let you consider them.
Disclosure: None.