Is This High Yield ETF Predicting the Next Stock Market Moves?
August 03, 2020 at 08:30 AM EDT
The iShares iBoxx $ High Yield Corporate Bond ETF ( HYG A ) could be giving hints as to where the stock market could be headed next in the coming months. After data released showed that GDP contracted over 30% during the second quarter, equities have roared back, but the high yield market could hold the key to the next breakout.