HomeMarketsOptionsDownside SPX Move Led By Tech, High-Yield Credit Default Swaps Rising

Downside SPX Move Led By Tech, High-Yield Credit Default Swaps Rising

Kevin Green has his eyes on several technical patterns taking shape heading into the weekend. While he says the S&P 500 (SPX) is holding the 20-day moving average, KG does point out the weakness in the tech sector weighing on Friday's trading activity. He says if the SPX breaks that 20-day moving average, it could spell bearish action ahead. Elsewhere he looks at the Simplify High Yield ETF (CDX) compared to the VIX, pointing to the latest moves in high-yield bonds and investors possibly seeking a credit hedge within the ETF.

Market On Close

20 Jun 2025

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