Michael Price's Daily IOT Note: Friday 5/17/13
Stocks declined a little yesterday, but certainly not enough to affect the preexisting trends. Most types of bonds moved higher, but junk bonds continued to slowly decline. The weakness in junk bond funds has not been sufficient to trigger reasonable stops, but we do want to watch this sector in case the decline accelerates. For now, there is nothing to do, so have a great weekend!
Stocks declined a little yesterday, but certainly not enough to affect the preexisting trends. Most types of bonds moved higher, but junk bonds continued to slowly decline. The weakness in junk bond funds has not been sufficient to trigger reasonable stops, but we do want to watch this sector in case the decline accelerates. For now, there is nothing to do, so have a great weekend!