Wall Street is freaking out about valuations once more.
In some respects, it’s almost as if the pandemic never happened.
One strategist cautions that a rally in junk bonds might be short-lived.
Credit is moving in sympathy with stocks, but default rates and risk premiums remain in check.
After the midterm elections. one money manager’s model is flashing green for junk-rated debt.
Companies are showing few issues with margin compression as wages rise.
American high-grade obligations are down 2.53 percent in 2018.
Real yields are negative across most asset classes.
Correlation between the largest S&P 500 members is receding, indicating investors are tuning out worrying trends.
While Treasurys have sold off, there's very little evidence of negative impacts on other asset classes.