The S&P 500 is above 1500. CBOE S&P 500 Volatility (VIX) is sitting near 15-year lows. And 88% of iShares S&P 100 (OEF) component stocks are above respective 200-day moving averages.
Normally, you might hear more discussion about complacency and/or an imminent sell-off. Instead, you’re hearing more about the “Great Rotation” out of bonds and into [...] [...more]
Every year for the past 3 years, scores of pundits have predicted the demise of high yield bonds. Reasons have included record low yields for the asset class,Â an imminent rise in interest rates, questionable balance sheets, recession, inflation and overvaluation.
In spite ofÂ gloomy forecasts, Morningstar revealed that high yield bonds have averaged 10.5%Â annually over theÂ past 3 [...] [...more]