Energy high-yield credit spreads just reached record levels while WTI prices are at 18-year lows.
Previous divergences marked major turns in oil.
Oil could be in the process of bottoming. pic.twitter.com/F2lxVKxXmf
— Otavio (Tavi) Costa (@TaviCosta) March 31, 2020
READ What could go wrong? The greed levels on the Bloomberg fear and greed index for Nasdaq has even surpassed the dot com bubble mania.