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Four of these 6 high yield mutual funds are now back above their respective 50-EMA lines again. In the past, this price action has been a positive for stocks.
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CLICK ON CHART TO ENLARGE
Four of these 6 high yield mutual funds are now back above their respective 50-EMA lines again. In the past, this price action has been a positive for stocks.
Van…what jumps out to me is the outperformance of the high yield fund. I suspect this fund has some “style drift” taking place in it, per maybe owning some stocks. This good for those shareholders right now!
Gary…Sometimes high yields and junk move together and sometimes the opposite. See this post…
https://www.kimblechartingsolutions.com/2010/10/confusing-positions/
Chris
Does this not fly in the face of the purchase of TLT call on dec 18?
Thanks for the great blog Chris and have a great Holiday.
any correlation between the divergence between 5 of the 6 hyf not hitting new highs versus the overall mkt?