Recent ‘Odd’ Market Moves May Be a Warning Sign for Stocks
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Something odd has happened in U.S. markets in recent days, and it may be a sign that it’s time to start worrying about the stock rally, according to Citigroup Inc.
While the S&P 500 Index has extended record highs, high-yield credit spreads have been widening a little, and implied volatility has been ticking up.