HYG and JNK shift to top ETF quartile, Craig Shapiro notes

HYG and JNK shift to top ETF quartile, Craig Shapiro notes
HYG and JNK rise in ETF rankings

HYG and JNK reversed from bottom-quartile levels on October 8 to the top of the ETF distribution today.

Craig Shapiro also noted broader gains in metals, with CNY reaching highs of the day, while energy equities showed weakness despite strong crude prices. PFIX was reported to be up sharply intraday. Stagflation positioning was mentioned but not elaborated in the post.

Craig Shapiro previously noted Brent crude crossing $105 on Pentagon strike plans and related bond market risks in a recent post here. He also highlighted nearly $60 billion in potential forced selling driven by volatility control and pension fund flows at quarter-end here. These observations add context to the recent ETF reversals and sector moves.

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