The tweet was deleted by the author.
But we saved everything 🙂.
Michael A. Gayed observes that high yield bond ETF HYG is down 0.9% year-to-date, while long U.S. Treasury ETF TLT is down 1.1%.
He notes that credit markets remain calm, but longer duration assets are experiencing more volatility, highlighting a notable divergence in market behavior.
Gayed recently highlighted a 1.25% drop in the S&P 500 and a 12% spike in the VIX, citing a reversal in market sentiment. In a separate commentary, he addressed his earlier remarks on Bitcoin margin calls related to Michael Saylor. These updates follow his ongoing observations of divergence across major asset classes.