Brean Capital's Peter Tchir has a bunch of reasons why shorting the senior loan ETF now makes sense.
Exxon yields about two times the S&P 500 and the dividend is likely to keep growing.
The optimistic reading doesn't fully reflect the impact of violence in Charlottesville, however.
Trump may decide his best option is to reappoint Janet Yellen as Fed Chair, an outcome the bond market would probably embrace.
A falling stock market, a terror attack in Europe and growing concerns about Trump's leadership spurred investors to turn to safe haven Treasuries.
S&P thinks investors don't have to fear quantitative tightening, but that it will lead to higher rates.