Get started
stockpreacherman

Spotted a correlation between High Yield Bonds and oil

iShares iBoxx $ High Yield Corporate Bond ETF (AMEX:HYG)  
stockpreacherman Updated   
AMEX:HYG   iShares iBoxx $ High Yield Corporate Bond ETF
Trend Analysis Chart Patterns Oil HYG Crude Oil WTI usoilshort
1
2
trendanalysis chartpattern oil hyg usoil usoilshort
They almost always trade exactly the same.

And HYG has NEVER gone down without oil going down.

Until right now.

Wonder how long it will take to correct.
Comment:
Both oil and HYG ticked up slightly just now.

Oil still owes HYG a crash.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.