This is an interesting chart (click on the chart to enlarge it). It shows the total return (capital gains plus dividends/interests) of JNK and SPY (ETF for the S&P 500) -- the overall market.Since 2007, close to the top of the bull market, JNK had a return of 18.7% while the S&P 500 had a negative return (loss) of 2.7%.
The most interesting feature of this performance is that JNK had lower volatility than SPY.
We spend a considerable amount of time in studying the action of JNK because at specific times of the business cycle it offers great profit opportunities with volatility lower than the market.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
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