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Monday, November 13, 2017
Junk Bonds Collapsed, Diverging From Dow - Another Canary In The Coal Mine?
Junk Bonds and Stocks are usually positively correlated, or move in the same direction, because Junk Bonds are considered a proxy for risk appetite in the market. It started to diverge in late October. Is it another canary in the coal mine - an ominous sign of an impending market correction coming?