Dow Drops To 3-Week Lows

Well that escalated quickly as the USDJPY ramp momo ignition failed...

 VIX pushed up to itshighest in 3 weeks as stocks tumbled below yesterday's lows to 3-week lows...

 

All major indices red for November

 

The question is... are HY bonds the canary?

Comments

taketheredpill Tue, 11/14/2017 - 10:25 Permalink

US Treasury Sentiment (JP Morgan Survey) is as DISMAL as it's been since 2003.  So you have to go back nearly 15 years to get Treasury Bonds are as HATED as today.Just sayin, if you're Short Duration or Long HY or Short USD....maybe check your exposure.