Telegraphing a big move down in junk bonds (high yield) coming up.
If there is a market panic, there may be a temporary spike in Treasuries.
Junk bonds don’t do well during market panics.
The S&P is heading below 3,000
Must…hold…this…line. pic.twitter.com/90lvi0FwFE
— Mac10 (@SuburbanDrone) September 27, 2023
Complacency remains the order of the day.
For now. We saw this same decline pattern, off the top in early 2022.
Slowly at first, then "sumamabitch!!!" pic.twitter.com/XNXDgEvGJn
— Mac10 (@SuburbanDrone) September 28, 2023
h/t j_stars
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