US High Yield Bonds vs. US Small-Caps: Small-Cap stocks - synonymous with lottery ticket, illiquid, low quality etc. The asset class has underperformed high yield (below investment-grade) bonds year-to-date. However, the ratio is coming into a significant support/resistance zone. This chart is intended to help gauge investor risk appetite.
A Story in Four Charts
A Story in Four Charts
A Story in Four Charts
US High Yield Bonds vs. US Small-Caps: Small-Cap stocks - synonymous with lottery ticket, illiquid, low quality etc. The asset class has underperformed high yield (below investment-grade) bonds year-to-date. However, the ratio is coming into a significant support/resistance zone. This chart is intended to help gauge investor risk appetite.