HYG- High Yield Corp Credit Starting to see a Sharp Sell-off

This could effect the SPY Arbitrage too, but the more important message is risk is being sold and this is the kind of risk smart money is in, how many retail traders have you met that trade credit. They say the credit markets are the best informed and thus, "Credit leads, stocks follow".

The move in HYG was expected, but is still significant although not too old, but sharp.