Junk Bonds Reversal Would Be Bullish For U.S. Stocks
As you can see, JNK tested its Covid lows before reversing higher. But they are trying to re-group for a potential rally… and stock bulls would love to see a risk-on "junk" rally. A strong breakout would be a positive message for stocks.
As you can see, JNK tested its Covid lows before reversing higher. But they are trying to re-group for a potential rally… and stock bulls would love to see a risk-on "junk" rally. A strong breakout would be a positive message for stocks.
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