Steve Sosnick, Interactive Brokers’ Chief Strategist, discusses how he has noticed a divergence in high-yield bond ETFs and the broader stock market.
Sosnick suggests that whether these two asset classes move in tandem or not may be a tell for the future direction of the markets.
He explored the deeper meaning of the relationship between both asset classes recently in a post titled High Yield Signals on Traders’ Insight.
Photo Credit: Pictures of Money via Flickr Creative Commons
The 2024 US presidential election will likely have a significant impact on markets, with the potential for policy changes and increased political volatility. The current macroeconomic backdrop favors President Joe Biden more than what political polls suggest, with most macroeconomic indicators pointing towards an improving economy.
The market’s resilience in 2023 was a testament to the economy’s ability to weather the impacts from higher interest rates better than expected. Despite softening economic data and shrinking inflation, investors are optimistic about the future, but they may be underestimating the risks to the economy.
Investors in silver (NYSE: SLV) should be forgiven for being irritable – their investment has been a veritable roller coaster of late, […]
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