HYG is just going positive in some early timeframes, it is one of three of the SPY arbitrage components in the CONTEXT model for SPY arbitrage.
It wil be interesting to see if rates and volatility follow next, if so, then we are 1 step closer to my theory of a 3 day weekend with the headlines everywhere, Dow and SPX at all time new highs right as the quarter ends and just before new money can come in to many of these funds.
5 years ago
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