Today’s Chart of the Day was shared by Victor Riesco (@Global_Trader). It's a daily candlestick chart of the High Yield Bond ETF, $JNK. It was another day of indiscriminate selling. Stocks tumbled, Crypto got murdered, and even Commodities were weak. Amid the widespread selling, Victor points out that Bonds continue to be one of the most concerning areas right now. $JNK has been in free-fall over the past few sessions, suffering its worst day since March 2020 today. The weakness in Stocks and Crypto is definitely noteworthy, but the stress in the Bond Market is even more problematic right now.
Chart of the Day - Monday, June 13th, 2022
June 13, 2022
