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The divergence in the performance between junk bonds (HYG, JNK) and the S&P (SPY) is a...

The divergence in the performance between junk bonds (HYG, JNK) and the S&P (SPY) is a yellow light to stock bulls, says technician Jon Krinksy, as the move resembles those just ahead of previous big selloffs. Another sign: Relative strength might be shifting to Consumer Staples (XLP) from Discretionary (XLY). Are investors bracing for a pullback?
Comments (1)
  • muoio
    , contributor
    Comments (2957) | Send Message
     
    Raise cash voraciously---then look to get back.
    6 Feb 2013, 03:20 PM Reply Like
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