Market News / Story
Stocks at highs, junk bonds at lows: history says the next quarter lags
Seeking Alpha ·
Seeking Alpha reports: Renaissance Macro Research is flagging a split that has rarely shown up and has usually preceded a softer quarter for equities. The State Street SPDR S&P 500 ETF Trust is again trading within 1% of its 52-week high while the high-yield bond ETF, iShares iBoxx $ High-Yield Corporate Bond ETF , sits within 1% of its 52-week low. In the firm’s review, that pairing has occurred only five times, and the next 13 weeks lagged in four of them. The median result after the…