The Markets Are Really Breaking Down Now

Sharing is Caring!

by Chris

…this is already ugly.

Stocks are down pretty solidly across the board, and bonds are rallying very weakly.

On the other side of the ledger, and which muddies the evaporating liquidity story, is that the Junk Bond ETF, JNK, is not really budging.

See also  Before They Were An Inconvenience, But Now The Shortages Are Really Beginning To Sting

From an “outside in” perspective, the JNK ETF really needs to be signaling something very different than it currently is…

It’s saying “no problemo!”

Meanwhile, the precious metals are behaving very well, and as one would expect for a “risk off” event.

See also  We really are at the point where food smuggling is a thing and can get you arrested...

Again, one odd note…and that’s copper.  If the stock sell-off was due to underlying concerns about growth Dr. Copper should not be  green here today.  Another cross signal to digest…

 

878 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.