May is coming to an end with the Nasdaq Composite COMP potentially registering a 6% gain, while the Russell 2000 RUT possibly ends with a small loss, emblematic of a year in which the tech index has surged 24% while the small caps have skidded 9%. Given AI mania propelling the techs, and the credit crunch after the regional bank crisis, that split could certainly continue.
But let’s take a look at the world of corporate credit, where the SPDR Bloomberg High Yield Bond ETF JNK has an average yield to maturity of 8.92%, and…
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