MACHINES OFF & HUMANS HAVE GONE HOME
But this offers opportunities to buy quality ETFs at big discounts to NAV
Lots to write about this morning, so let’s get to it.
Although the stock market has shown signs of stabilization, the story of the past couple of days has to be the complete collapse of Investment Grade credit markets.
The LQD ETF (Ishares IBOXX Investment Grade Corporate Bond ETF) is down almost 22% over the past couple of weeks.
This is on par with the…