FYI: As a kid, I loved the tales of Uncle Remus, where Br’er Rabbit always outsmarts Br’er Fox, famously convincing the Fox to throw him into the “briar patch”—his natural home.
Last week’s trading in the iShares Floating Rate Bond ETF (FLOT) reminded me a lot of that: a lot of brouhaha that ultimately just proved where FLOT really belongs.
What’s really going on? Let’s get into the briars:
First, let’s take a look at the chart that’s causing all the Twitter Chicken Little Sky Is Falling:
Regards,
Ted
https://www.etf.com/sections/blog/flot-when-etf-discount-good?nopaging=1
