I just noticed this somewhat dramatic change in High Yield Corporate Credit as ES and the market in general falls off the best levels of the day.
That's a pretty sharp divergence taking place between credit and the S&P.
Watch for the market to take out intraday support
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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