MarketWatch: "How an ‘oil shock’ and coronavirus combined to wreak havoc on stocks and global financial markets"

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MarketWatch: "How an ‘oil shock’ and coronavirus combined to wreak havoc on stocks and global financial markets"

Excerpt from MarketWatch quoting DataTrek’s Nick Colas:

…. “Nicholas Colas, co-founder of DataTrek Research, on Monday noted that energy has a much higher weighting in high-yield indexes used by exchange-traded funds like iShares iBoxx $ High Yield Corporate Bond ETF HYG, -4.233% (10.3%) and the SPDR Bloomberg Barclays High Yield Bond ETF JNK, -4.534% (11.1%) than the S&P 500 at 3.4% and the Russell 2000 RUT, -5.853% at 2.1%”….

Read the full article here on MarketWatch!