HYG/IEI, a proxy to inverse Credit Spread
HYG/IEI, high yield bond vs 3-7 year treasury.
Still near new high, no significant credit risk yet. Until we start to see this indictor turning down and break support line, Small caps should be holding up.
Still near new high, no significant credit risk yet. Until we start to see this indictor turning down and break support line, Small caps should be holding up.
Note
9/30: New high today 
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