Selling Into Junk Strength

Here are a couple of ETFs, each of which have vaulted over the past week to their respective topping patterns.

On this day of lifetime highs on almost every important index in the world, I’m selling short high-yield bonds. Here are a couple of ETFs, each of which have vaulted over the past week to their respective topping patterns. Here’s high-yield fund JNK:

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slopechart_JNK

Here’s the second, HYG

(Click on image to enlarge)

slopechart_HYG

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