The Collapse of Junk

In today’s CWS Market Review, I mentioned how poorly the junk bond market has performed. I spoke too soon. Today has been a disaster for junk.

Check out this chart of the junk bond ETF (JNK):

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This could be the lowest close for JNK since June 2013. I think we’ll see many commodity-related defaults next year.

Posted by on December 11th, 2015 at 2:50 pm


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