Investment Ideas: fallen angel bonds, and why last week’s equal weight ETFs save lots of US tax

Plus Agronomics Jim Mellon on how the investment portfolio is shaping up

Fallen Angel Bonds

As I noted in my Monday macro note earlier this week, most macro charts, especially those focusing on perceived market risk, show a noticeable trend: the downside risks are growing. This is especially true in the US, where measures that indicate increased inflation and slower growth are multiplying. This doesn’t mean the US is about to…