high yield bonds

One Place Where So-Called “Smart Beta” Hasn’t Been Very Smart

Never mind what the cute marketing brochures or what nouveau indexers say. The trumped-up allegations that beta is somehow “smart” or “better” is a grand ole fairytale. (Audio) Listen to Ron DeLegge @ The Index Investing Show While “smart beta” types (formerly referred to as fundamental indexers) are pumping up their equity concoctions (NYSEARCA:PRF), their …

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Stop Sign Crossing

Are Junk Bonds Signaling Pause in Equity Rally?

What does the bond market know that the stock market doesn’t? Even the U.S. stocks (NYSEARCA:IWV) have been scoring one record high after another, the SPDR Barclays High Yield Bond ETF (NYSEARCA:JNK) has gone in the opposite direction. The performance divergence between high yield bonds (also known as “junk bonds) (NYSEARCA:HYG) and the S&P 500 …

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