The later part of 2018 was bad for the markets.
Oil was trounced. Equities gave it all back and then some. Bonds were pounded.
Included in all of this were junk bonds. This situation was multiplied by the fact that oil prices put many bonds at risk. The reason for this was oil frackers were all financed with high yield junk bonds. When oil prices fell like a rock, defaults starts to shoot up.
2019 is a lot nicer to the markets so far. The question now is the worst over or are we just seeing a bounce.
To find out, click on image to read full story.
