|Bid||86.94 x 27000|
|Ask||86.95 x 1000|
|Day's Range||86.76 - 86.95|
|52 Week Range||79.55 - 87.65|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||11.91%|
|Beta (3Y Monthly)||0.14|
|Expense Ratio (net)||0.49%|
High-yield bonds are sending the stock market a warning sign.Source: Shutterstock Yes, the S&P 500 made a new all-time high on Wednesday. Yes, the Fed's easy money policy is helping to boost stock prices. Yes, President Trump wants a higher stock market. And yes, we are entering a seasonally bullish period for stocks.And, if high-yield bonds were making new highs along with stocks this week, then I'd have to wipe the bearish egg off my face and concede that the stock market isn't in as much trouble as I thought.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut…As we've pointed out many times before, the action in high-yield bonds tends to precede the action in the stock market by anywhere from two days to two weeks. So, it's notable that while the S&P was posting a new all-time high on Wednesday, junk bonds were falling.And, by the look of the following chart of the iShares iBoxx High Yield Corporate Bond ETF (HYG), junk bonds look vulnerable to a much more serious decline.Take a look…This chart is forming a rising wedge pattern with negative divergence on the MACD and CCI momentum indicators. In other words, as HYG has been pushing higher and making higher highs over the past few months, the momentum indicators have been making lower highs.This pattern usually leads to a breakdown - which means a selloff in the high-yield bond market.That would be bearish for stocks.And, if we combine this setup with the recent increase in bullish investor sentiment (a contrary indicator), the complacent level of the Volatility Index (VIX), and the huge price difference in VIX call options over VIX put options…Then that gives trades plenty of reason to be cautious - or maybe even bearish - on the short-term prospects of the stock market.Best regards and good trading,Jeff ClarkP.S. There's two ways to react to a bear market.You can sell everything, sit on your hands, and wait for it to eventually blow over…Or you can start trading… and find ways to make money no matter what happens.If you ask me, I choose the latter. And, while it's true that trading has a bit of a learning curve, I recently designed a program that can help you surpass it… and deliver winning trade recommendations at the same time. Get all the details here. Reader MailbagToday a subscriber shares his satisfaction with Jeff's recommendations…Jeff, I have been with you for about five months now and am extremely satisfied with your recommendations (meaning that I have profited from them nicely) and in some weeks no recommendations (meaning I don't expect a new recommendation when market conditions are such that you cannot give us one).I have just joined the Breakout Alert and look forward to more of your good work.- HowardThank you, as always, for your thoughtful comments. We look forward to reading them every day. Keep them coming at firstname.lastname@example.org. In Case You Missed It…This lumberjack also happens to be a rocket scientist who created an entirely new way to invest in the tech marketJeff Brown stepped away from the bustle of Silicon Valley to live a quiet life. But that didn't stop him from becoming a top venture capitalist, or developing an entirely new way to invest in the tech market that anyone can use for the chance to see big, fast, once-in-a-lifetime gains like 494%… 617%… 793%… 884%… 2,293%… even 11,764%.It's not too late to find out his secret.The post Jeff Clark's Market Minute: This Pattern Is Another Warning Sign for Stocks appeared first on InvestorPlace.
Loomis Sayles’ Fuss says the trade war may have damaged business supply lines and harmed the world’s two-largest economies, but at resolution of the U.S. - China dispute could also offer a chance to battle climate change.
ETF short interest can shed light for traders on areas of the market where investors see potential weakness. S3 Partners analyst Ihor Dusaniwsky released his latest list of ETFs with the most short interest ...
Man Group CEO Luke Ellis says investors are overstating worries about how debt markets could no longer rely on a back-stop of liquidity as bank trading operations shrink.
The stock market broke out to the upside last Thursday. Then it stalled.Source: Shutterstock We were only about 10 minutes into the trading day Thursday morning when the S&P 500 tagged the 2975 level. It has been stuck there ever since.Oh sure, the index has been a few points higher and a few points lower. For the most part, though, it has been four straight days of "go nowhere" action.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Sell in Market-Cursed September Usually, following the type of big move we saw on Thursday morning, the stock market might consolidate for a day or two, work off any overbought conditions, and build energy for another move higher. But, the longer it takes for that next move to get started, the less likely it is for the rally to continue.So, as the stock market traded lower yesterday morning, lots of talking heads were on the financial television networks suggesting that Thursday's breakout move was over and stocks would soon start heading lower.I disagree. There's still more upside left to this breakout move. Not a lot, but enough to justify waiting a bit before loading your portfolio with short positions.Let me explain…The action in high-yield bonds (a.k.a. junk bonds) tends to lead the action in the stock market by anywhere from two days to two weeks. And, the action in junk bonds so far this month has been undeniably bullish.Look at this chart of the iShares iBoxx High Yield Corporate Bond Fund (NYSE:HYG)…HYG closed at a new all-time high yesterday. It's quite unlikely that the broad stock market will fall sharply while investors are still willing to put money into risky assets like junk bonds at all-time-high prices. It's also trading above both the 50-day moving average and 9-day exponential moving average - another bullish sign.So, as long as this chart of HYG continues to hold up, there's more upside ahead for stocks.Last Thursday's breakout to the upside for the S&P 500 was for real. I continue to think the index will rally up to the 3,000-3,020 level before this rally phase is over.But, traders should keep a close eye on this chart of HYG. It will provide an early signal for when the stock market is ready to decline again.Best regards and good trading,Jeff Clark In Case You Missed It…America's Top Options ExpertFor the past 36 years, millionaire trader Jeff Clark's options strategies have helped everyday people have the chance to retire wealthy.Which is why Jeff's now offering his complete Blueprint, and a year of his guidance, for just $19.That's right… for a limited time it's all yours for less than 20 bucks.Because Jeff knows that every $1 you use on his strategies could turn into a windfall in a short amount of time.Get started here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Jeff Clark's Market Minute: This Chart Will Signal the Next Decline appeared first on InvestorPlace.
On CNBC's "Options Action," Dan Nathan suggested a bearish options trade in iShares iBoxx $ High Yield Corp Bond (NYSE: HYG ). He said that high-yield debt could offer an interesting opportunity ...
Published on August 21, the report stated that the SPY exchange-traded fund continues to be the largest portfolio hedging vehicle with total short interest of $40.3 billion and short interest as a percentage of float at 15.48%. Short sellers also targeted Bond ETFs this month, with the iShares iBoxx High Yield Corp Bond ETF (HYG), iShares iBoxx $ Inv Grade Corp Bond ETF (LQD), iShares 20+ Year Treasury Bond ETF (TLT), and Vanguard Total Bond Market ETF (BND) seeing an increase of $1.5 billion in short interest. The financial technology and analytics firm pointed out that although there is one less fixed income ETF in the current top 20 most-shorted ETF ranking, short interest of the five that remain is $857 million larger than the six in January’s top 20.
Investment company Park Avenue Institutional Advisers LLC (Current Portfolio) buys SPDR Barclays High Yield Bond ETF, iShares iBoxx $ High Yield Corporate Bond ETF during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Park Avenue Institutional Advisers LLC. Continue reading...
NEW YORK, NY / ACCESSWIRE / August 12, 2019 / Hydrogenics Corp. (NASDAQ: HYG ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 12, 2019 at 10:00:00 ...
The Fed recently lowered interest rates and is poised to do so again before the end of this year, likely making longer duration bond funds more attractive to income investors. SHYG seeks to track the investment results of the Markit iBoxx® USD Liquid High Yield 0-5 Index, which is primarily composed of U.S. dollar-denominated, high yield corporate bonds with remaining maturities of less than five years. “To address this issue, this fund screens its holdings for liquidity by their size,” said Morningstar in a recent note.
Federal is highly expected to cut interest rates by a quarter point for the first time in more than a decade. A few ETFs will benefit if the Fed cuts rates as expected, while a few may be adversely impacted.
Falling interest rates and bond yields around the world are leaving investors with few viable options in the bind market. The Wall Street Journal recently reported the percent of European high-yield corporate bonds that are now paying negative yields is spiking. With yields falling so low across the board in Europe, investors are now essentially paying interest to invest in a handful of junk-rated corporate bonds.
The U.S. economy is decelerating, but corporate America is carrying trillions of dollars in debt on its books. Is that a problem?