Stock market today: S&P 500 in weekly loss as trade war fears intensifyy
Is the sky going to fall because junk bonds fall 1.4%? Junk Bond ETF (ARCA:JNK) has been in the news of late, due to recent softness. Should we be concerned? Some seem to think so.
The lower inset chart does reflect that JNK has lagged (ARCA:SPY) by almost 2.4% over the past 30 days. Is JNK breaking down? At this time, JNK remains above the rising support that started in October of 2011.
In my opinion, how JNK handles rising support in the next few weeks to come is much more important than what JNK has done over the past 30 days.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.