To Jeff Gundlach, This Is The "Chart Of Death"

That high-yield bonds have decoupled from stocks (despite both their valuation-bases being driven from underlying business volatility) is not a new factor in the melt-up manic-manipulated markets we experience every day.

But, as DoubleLine's Jeffrey Gundlach notes, the size of the divergence is becoming extreme to say the least.

"JNK chart looks like death. No way to win here, folks..."

It sure does! Medium-term...

Short-term...

And Long-Term...

And as Bond yields surge so HY is accelerating lower...

 

This follows an earlier warning:

"JNK ETF now down YTD.  If rates keep rising, I expect JNK to underperform Treasuries. Even more likely if rates fall. Not a good JNK set-up."

Not pretty...

 

And don't forget positioning among institutional investors has turned markedly more bearish recently...

Which makes sense if Central banks stick to their plan this year...

 

Comments

ayanni Fri, 02/02/2018 - 15:39 Permalink

20 minutes left in #releasethememo trading day, will Deep State order their PPT (collars popped of course) "remind Fuckface Von Clownstick who's his daddy!"?

XBroker1 Fri, 02/02/2018 - 18:07 Permalink

"Chart of Death' is in quotes because the reverse Gematria of that is 62, as in Brady will be 6-2 in SB's after this weekend. Book it. And yes, I think Brady is a homo. One I missed that someone else pointed out. Today is the 33rd day of the year. That one needs no explanation for most here.

 

Zero Hedge in Gematria is 33 and 93. As in Flight 93, as in Saturn is 93 million miles away.. aka the planet that represents Satan...

XBroker1 Fri, 02/02/2018 - 18:53 Permalink

Here's why I suspect a bloodbath the rest of the month.

1.This 666. Also,  see below what it previously meant. This time it could mean a big reversal.

2. The new 'goy' is taking over Monday. Fall goy.

3. It's black history month. All that black you've been seeing in the markets? Yeah, that's 'history'.  They really do mock the sheep like that.

Obviously if I knew for sure, I'd have a lot more assets. Just going off of what I see.

 

Number games: was 666 low enough in 2009?

Mar 7, 2014 ... “No one may buy or sell except one who has the mark or name of the beast, or the number of his name, and his number is 666”. Revelation 13:17-18 ... Anyone who bought at the moment when the S&P hit the number of the beast would have gained 182 per cent five years later.

 

I found that looking for how many times the market as dropped 666 points in one day. Still looking.

XBroker1 Fri, 02/02/2018 - 19:42 Permalink

42 years since 1976. For some reason this has the feel of that year all over again.

 

"2nd Feb 1976, Genesis released 'A Trick Of The Tail', their seventh studio album and the first to feature drummer Phil Collins as full-time lead vocalist..."

TV shows that you might have been watching around this time.

Wonder Woman - TV show about a superhero called Diana Prince.

February- Gematria is 42

Nigger also is 42 ... Not a coincidence. It's the only month w/ the same gematria. That is why they picked it for black history month.

'A Trick of the Tail' Gematria is 94 like world trade center.

Dow Jones = 666 reverse sumerian Gematria