HY Stages Quiet Rally; VIX Term Structure Normalizes

While the stock market focused on the speech Friday by Federal Reserve Board chairman Jerome Powell (and was duly disappointed by his tamping down expectations for future rate cuts) and the US-China trade war, investors should also focus on other financial assets. In particular, a good question to ask is what does high yield bond market action, for example, mean for stocks? (For more on the Fed see page 6.)

What the Fed does or doesn’t do is a key input—and I’ll get to that in a moment...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in

More from the author

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

Trending tickers in our research

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In