US High Yield B Option
High Yield Spreads Archives
Today, the indicator has again crossed above the signal line.
Maintain risk management and stay aware for signs of reversal.
Spread is currently trending down and SPX is rising which could be indicative of a short term.
The signal was that the rate of change of high yield spreads bottom panel had crossed above a level that in 2008, 2011 and 2020 signaled capitulation.
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There should have been follow-through, but there was not.
Date Value January 16, 2023 4.
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