This dog was in the wrong place at the wrong time….ouch. Does the same thing apply to owning Muni Bonds over the past couple of weeks? See below…
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This large decline in these Muni bond ETF’s is a reminder that harvesting at resistance can be beneficial to one’s portfolio and that assets prices tend to fall faster than they rise.
Not all bonds are having such a tough time though…
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In the bond world, HIGH YIELD MUTUAL FUNDS, continue to exhibit very good relative strength. They have broke a initial steep rising support line, yet have held up really well compared to the majority of bond funds lately.
I remain of the opinion these funds need to show much more weakness before the equity market runs into greater downside pressure.
The pck chart is scary. Wait shouldn’t we be buying at support? Jk. I haven’t heard much about this in the news. Silence can be eerie.
Bob… If PCK is a clue, something is going down!
Probably had to put down that poor ‘ol dog! Had a dog that had 15 quills and it got a bad infection. Wonder if that is foreshadowing California.