The high yield debt chart is very troubling IMO. If we overlay the S&P 500 and the high yield debt chart, a huge bearish divergence is revealed. Check out this chart with the red line being the S&P 500 and the purple line being high yield debt.
High yield debt (purple) is nowhere near (Read More….)
High yield debt and SPX have started to diverge on the chart. A drop in high yield debt often predicts a drop on SPX within a week.
At one time, the high yield debt to SPX chart above was the heaviest weighted tool in the stock market prediction algorithm. Unfortunately high yield debt and (Read More….)