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Chart of the Day “Credit markets have yet to signal any type of impending weakness” ahead for U.S. stocks, according to Ian McMillan, a market technician at Client First Tax & Wealth Advisors. McMillan made the comment in a Twitter post last week that compared the S&P 500 Index with the yield gap between some of the lowest-rated high-yield bonds and Treasuries. This week began with the gap for the Bloomberg Barclays Caa U.S. High Yield Index moving to its narrowest level since July 2018. A widening of high-yield spreads would be a caution signal for stocks, he wrote. Our View ....