From Peter Tchir of TF Market Advisors
Volatile or Not?
It is strange to start a weekly update and not be sure whether the week was volatile or not. North American stock indices ranged from -0.4% for Nasdaq to 0.6% for the S&P. Not much to look at there.
U.S. fixed income finished with small weekly gains. The 10 year treasury was 2 bps better. Fixed income ETF’s like TIP, TLT, LQD, HYG, JNK, and MUB all had small gains. Even the CDS indices, IG18, and the underperforming HY18
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