7/18/2026
Uh No it has not, and until it does Mr. Market is not done topping.
These are the two big Junk funds ad neither has turned down in a significant way.
A junk bond is one rated less than Baa. Real junk is CCC of which 50% defaults. So the default of a junk bond is a sign the issuer is done, kaput. Likewise the lack of faith in a broad group of bonds, my junk is better than your junk, will finally show some lack of faith in the market.
A WSJ article warns of excessive stock issue regarding AI, how about excessive bond issueance, of which everyone from governments to business is guilty.
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