The current high-yield spread is inconsistent with the corporate debt levels as a percentage of the GDP
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2018 total returns…
Micro-cap stocks: +14% (all-time high today)
Dow: +0.6% (6.5% below Jan all-time high) $IWC $DIA pic.twitter.com/rYg0Kzsq67
— Charlie Bilello (@charliebilello) June 20, 2018