Selling Into Junk Strength

On this day of lifetime highs on almost every important index in the world, I’m selling short high-yield bonds. Here are a couple of ETFs, each of which have vaulted over the past week to their respective topping patterns. Here’s high-yield fund JNK:

(Click on image to enlarge)

slopechart_JNK

Here’s the second, HYG

(Click on image to enlarge)

slopechart_HYG

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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