I believe that we are near the peak for the year. The larger trend is down.
An interesting fact about US corporate health.....53% of Bond Issuers in the USA now have junk ratings from S&P.
They are going broke, the only thing saving them has been the liquidity delivered by the low interest rates, but as in Japan it will dry even with low rates.
The US is a basket case. My opinion only.
noip
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