CIF - High Yield Stalls
Just like the broader market this week, the rally in high yield credit stalled out a bit. Earlier on Friday, we highlighted the fact that the S&P 500 ran into resistance right at its 200-DMA earlier this week and has been pulling back ever since. In the case of the ETF that tracks the high yield credit market ([[HYG]]), we have seen a similar setup. Coming off the lows in December, high yield was a little bit late to the rally, but it quickly made up any lost ground and has since followed the move