Please be advised that we are adding Junk Bonds (JNK) to the SHORT SIDE on Investing Ideas today.
Our macro team will send a full report to subscribers.
In the meantime, here's what our CEO Keith McCullough had to say earlier today:
While it's fun for people who have been bullish on both US growth and the cycle being "mid" to tell themselves that Oil, Energy Stocks, Junk Bonds, etc. bouncing are "demand" signals, it's been more fun to fade them.
...If we continue to be right on the cycle, the lows for the Junk Bond market are not in.