HYG correlation with SPY/QQQ/IWM

iShares iBoxx $ High Yield Corporate Bond ETFArca

Description

⋅ Nov 19, 2017 11:29 AM

-30D correlation turns -ve for SPY/QQQ/IWM
- since 2009 only 4 cases
- the first sample occurred at low and market turn higher later
- other 3 cases show bumpy road ahead. Pullback when HYG hit lower