Bloomberg ETF Analyst: Waste Management Stocks Have Become a "More Effective Than Bonds" Hedge Asset

Odaily Planet Daily News: Bloomberg ETF analyst Eric Balchunas posted on platform X, noting that the inverse correlation of waste management stocks was particularly evident today, with DRAM rising 13% and WM falling 4%. He stated that the problem with a good hedge is that when other assets rise, the hedge asset falls, and expressed uncertainty as to why waste management stocks have become a better diversification tool than bonds.