The red horizontal is a sell signal for stocks. When the option-adjusted high yield bond spread crosses above, sell. It does not produce a buy signal except in hindsight. Of note, the spread bounced off the sell signal line.
Construction sector drives jump in insolvencies
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New data from the Australian Securities & Investments Commission (ASIC)
shows a big jump in external administrations in March, with 7,742 firms
going und...
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