Identify the Trend:
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"Combining, as you do, both the alpha and the numeric, the art and the science..."
(cue the Elgar)
[Certified? Certifiable is more like it -ed]
The chart is from Bespoke, here's there comment:
Last Friday we highlighted the big fall in the national municipal bond ETF (MUB), but it has only gotten worse this week. MUB's biggest one-day decline during last week's fall was -1.17% on Thursday. Yesterday it was down 1.85% and today it's down another 1.76%. The chart below is not a pretty sight.