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….)
Tomorrow, August 25th, 2016, is a critical day for markets. The S&P 500 is now testing lower uptrend channel support.
We track high yield debt and I explained why back in December of 2014 here.
Money flow into high-yield debt has been forming lower highs since March of 2016. High yield debt fell (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….)
US stock indices ripped higher at the market open but then spent the rest of the day slowing moving lower. The latest polls ahead of Thursday’s UK referendum suggested the ‘stay’ vote may have found some support over the weekend which led to a global rally in risk assets.
The British Pound exploded higher (Read More….)