The broadening top megaphone on the S and P 500 is resolving to the downside. 2200 is the lower side of the channel, where we are likely headed long term. Intermediate support comes in at 2770:
The Incredible 13%-Yielding Junk Bond Fund That’s Backed By The Fed
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Those dark days did do one critical thing for the high-yield corporate-bond
market: made these so-called "junk bonds" too big to fail.
14 minutes ago