High yield spreads are starting to widen out again in a noticeable way. If one waits until they reach the levels they did in March or last year, it will be too late to react.
The XLU utility stock ETF has become extremely oversold…and thus it is getting ripe for at least a near-term bounce.
The stock of JP Morgan (JPM) is testing a key support level. If (repeat, IF) it breaks below that level, it will signal that more work need to be done before the stock (and likely the group) sees a meaningful bottom.
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