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

Odaily Planet Daily: Bloomberg ETF analyst Eric Balchunas posted on the X platform, stating that the inverse correlation of waste management stocks was quite evident today, with DRAM rising 13% and WM falling 4%. He noted that the problem with high-quality hedging is that when other assets rise, the hedging assets fall, and he expressed uncertainty as to why waste management stocks have become a better diversification tool than bonds.