If credit markets are any indication, the stock market may be facing some serious headwinds.So says credit market strategist and co-founder of Capital Context Tim Backshall in the latest installment of Fast Money Portfolio – a new feature where long-term investing meets the volatility of today’s world.In a live interview on CNBC Backshall tells us, “for about the first 6 months of the rally, equity and credit markets had been in sync. But in the past month the high yield market has gone sideways as equities have pushed ahead.”That kind of divergence has been a problem in the past.“I believe again that’s a warning signal that things aren’t all rosy. (The divergence) is a good reason to anticipate trouble for the equity market. I’d take action to avoid getting blow down by that hurricane.”Intrigued? Get all the details. Watch the video now!
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