Breakwave Dry Bulk Shipping ETF (BDRY): Seems some inverse junk bond holders sti...

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Breakwave Dry Bulk Shipping ETF (BDRY)

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Tuesday, 04/14/2020 5:25:38 PM

Tuesday, April 14, 2020 5:25:38 PM

Seems some inverse junk bond holders still haven't learned their lesson.

https://www.zerohedge.com/markets/meet-fed-fighters-junk-bond-etf-shorts-hit-all-time-high-despite-fed-backstop

...don't fight the Fed (especially with Trump cheering every new asset purchase escalation). There is no limit how high the Fed balance sheet can go, and no depth so deep the USD can't fall further. Never, ever fight the Fed.

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