FHY - The Most Bullish Sign In An Otherwise Bearish Market
The Most Bullish Sign In An Otherwise Bearish Market
There has been a minimal amount of good news in the equity market over the past few weeks. The S&P 500 is down over 8% this month alone with other sectors such as Regional Banks (KRE) and Housing (ITB) falling 10.3% and 7.4% in the past one week, respectively.
Equity Sector Returns As Of October 24, 2018:
Source: YCharts, EPB Macro Research
This stock market sell-off is due to a cyclical slowdown in growth and inflation that will likely accelerate through Q4