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<p>[QUOTE=&quot;GoldFinger1969, post: 3867968, member: 73489&quot;]I think GDJSMP said as much with the links to all the sub-sectors of the PCGS 3000.</p><p><br /></p><p><b>You have to know the composition of an index and the weighings and how it is computed to be able to discern special anomalies.</b>&nbsp; For instance, in 2015 and early-2016 oil prices collapsed and this pressured the energy sector including many debt-laden smaller companies.&nbsp; As a result, the bond prices in that sector collapsed and this impacted the high-yield (&quot;junk&quot;) bond market.&nbsp; Overall the junk bond market was fine but you needed to know that 1 sector which accounted for a large portion of the index was responsible for like 80% of the yield spike.[/QUOTE]</p><p><br /></p>

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