Leveraged Loan Deleveraging In Action - Part 2
Summary
- Recent market action of SP100 Leveraged Loan Index and BKLN ETF which tracks it.
- Through SP100, BKLN acts as a proxy for leveraged loan deleveraging and market liquidity.
- Large weekly outflows and declines in BKLN have presaged SP500 market downturns.
Advisory: Due to timely relevance, this missive was updated on Friday 12/12/2014 when the SP500 had fallen from its high 2032 to 2018, subsequent plunge to close at 2002 warranted further review.
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