Everyone knew it was a bubble, but seeing 2-3x fake gains evaporate hurts anyway. HYG and JNK have been weak for the last 2 weeks. The bubble bursting has only started.
HYG and JNK have been weak for the last 2 weeks. There is stress in credit and financials have been weak. — Will O'Hara, CMT (@WillOHara131) October 11, 2025 Foreigners have not even started dumping UST. Japan has not even …