LQD, A Leading Indicator for Equities
LQD is an ETF that tracks investment grade corporate bonds.
www.ishares.com/us/p...e-corporate-bond-etf
In this study I compare the LQD with SPY that tracks S&P 500 index. Upon review of turning points one can conclude that the corporate bonds start to go down first and recover first hinting the broader market direction.
04/07/2019
www.ishares.com/us/p...e-corporate-bond-etf
In this study I compare the LQD with SPY that tracks S&P 500 index. Upon review of turning points one can conclude that the corporate bonds start to go down first and recover first hinting the broader market direction.
04/07/2019