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

Odaily Planet Daily News: Bloomberg ETF analyst Eric Balchunas stated on the X platform that the negative correlation of waste management stocks is quite evident today, with DRAM up 13% and WM down 4%. He noted that the problem with a high-quality hedge is that it declines when other assets rise, and expressed uncertainty as to why waste management stocks have become a better diversification tool than bonds.