While the BofA points out that the index of investor confidence indicates greater financial market greed than fear, the current level of bullishness is close to a level that could result in a contrarian “sell” signal.
iShares iBoxx $ High Yield Corporate Bond ETF
For more information on speculative-grade debt, visit our junk bonds category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own shares of HYG, JNK and LQD.