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Fade Defensives? Two-Day Smackdown For Utility ETF Worst Since August
Diminished expectations for “hawkish” action seems to be coaxing traders into riskier assets and away from government bonds:
I always worry that one of these days there will be an unexpected and nasty surprise coming out of a Fed meeting. Some of the rallies over the past two months+ in some of the riskier assets have been a thing of beauty. The much maligned junk bond market is less than 2.5% away from all time highs. Some of the bank loan funds have been on a steady march upward unlike anything I have seen before.
Comments
I always worry that one of these days there will be an unexpected and nasty surprise coming out of a Fed meeting. Some of the rallies over the past two months+ in some of the riskier assets have been a thing of beauty. The much maligned junk bond market is less than 2.5% away from all time highs. Some of the bank loan funds have been on a steady march upward unlike anything I have seen before.
http://stockcharts.com/h-sc/ui?s=eifax