“A crossover sell signal took place back in July 2007 (suggesting equity weakness was ahead) and a crossover buy signal took place in June 2009 (suggesting equity strength was ahead). Now for the first time in four years, moving average crossover sell signals are taking place,” he added.
ETF manager BlackRock says some higher-risk sectors of the credit market such as high yield still need to see improvement on balance sheets. [BlackRock Likes Muni Bonds, Investment-Grade Credit]
iShares High Yield Corporate Bond
