If the iShares iBoxx Dollar High Yield Corporate Bd (HYG) led the equity markets into their bear phase, then we should be watching to see if it leads it out f the darkness into the light.
The last four session thrust from 77.50 to 80.00 has cleared the first hurdle at 79.50-- in route to a second challenge awaiting at 81.00-81.60, where HYG either will reverse into a forthcoming re-test of the Feb low, or remain "bid," confirming the establishment of a significant low.
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