{"id":1319,"date":"2013-02-21T01:55:18","date_gmt":"2013-02-21T01:55:18","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=1319"},"modified":"2013-02-21T01:55:18","modified_gmt":"2013-02-21T01:55:18","slug":"daily-comment-22013-junk-etfs-hold-in-despite-stock-selling","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=1319","title":{"rendered":"Daily comment: 2\/20\/13 &#8211; Junk ETF&#8217;s Hold in despite Stock Selling"},"content":{"rendered":"<p>Before retiring tonight, I took a look at the HYG and JNK Etf&#8217;s, both high-yield bond ETF&#8217;s, and their respective changes today were a -0.10% and -0.12% respectively.<\/p>\n<p>The SP 500 was down about 1.25%.<\/p>\n<p>If the high yield credit sector hangs in, in terms of relative strength, expect the stock market downside to\u00a0be limited.<\/p>\n<p>Ive always thought junk was the early warning indicator or canary-in-the-coal-mine for the equity markets.<\/p>\n<p>In fact the HYG and JNK ETF&#8217;s are oversold on the daily charts.<\/p>\n<p>The HYD or high-yield muni ETF looks like it could have some downside in front of it.<\/p>\n<p>Can&#8217;t believe sequestration would be good for municipal governments or muni credits.<\/p>\n<p>Wal-Mart (WMT) reports before the bell on Thursday, Feb 21.<\/p>\n<p>Thanks for reading,<\/p>\n<p>Brian<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before retiring tonight, I took a look at the HYG and JNK Etf&#8217;s, both high-yield bond ETF&#8217;s, and their respective&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,39,4],"tags":[],"class_list":["post-1319","post","type-post","status-publish","format-standard","hentry","category-hyg","category-jnk","category-wmt"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1319"}],"version-history":[{"count":1,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1319\/revisions"}],"predecessor-version":[{"id":1320,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1319\/revisions\/1320"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}