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,¬†an imminent rise in interest rates, questionable balance sheets, recession, inflation and overvaluation.
In spite of¬†gloomy forecasts, Morningstar revealed that high yield bonds have averaged 10.5%¬†annually over the¬†past 3 [...] [...more]