CHART OF THE DAY: What The Fed's December Rate Hike Did To High Yield Spreads

06/02/16 07:34AM EDT

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.

"... How about the credit cycle? Oh right – another true but unimportant factor for weekly chart-chasers to consider until it matters again… What happened to High Yield Spreads last time (i.e. the only time in modern history) that the Fed tightened into a slow-down?"

CHART OF THE DAY: What The Fed's December Rate Hike Did To High Yield Spreads - 06.02.16 EL Chart

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