Lighten up on Junk Bonds

Time to move to a light allocation to risky bond assets.  Defaults are increasing, and spreads are tight.  I made a good call back in November, but that play has played out.  Time to move to cash and other secure assets.  Don’t overstay your welcome with risky bonds, nor buy long high quality bonds, lest inflation savage your wealth.

All for now.  I’m tired.