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Bond relative strength remains in the hands of the high yield funds/etf’s, compared to many other types of bonds. I have continued to suggest the high yield bonds for months and until prices break support and moving averages, the high yield funds remain my favorite bonds to rent!
High yield funds are breaking to new highs (see post here) Per this post (Is a 20% decline enough) I am going to rent the bottom ETF (TLT) in the chart above with a tight stop.
Hey Chris, great chart, seems like the Fed is not fooling everyone after all! Keep up the good work, – Adrian Meli