Following You Around

Bears keep following the high yield corporate paper and junk bonds around, as you can see below on their updated ETF daily charts. High yield paper typically is a sign of risk appetite correlated to equities, which is why I continue to refer to these charts. Note how the S&P is basically at all-time highs while these two could easily now be rolling over from lower swing highs after the rally we saw in risk in mid-October. Unless they improve into the bell today, it sure looks like a rollover is in progress, which is likely to put a lid on equities in general. ______________________________ ______________________________