Bloomberg ETF Analyst: Waste Management Stocks Have Become a ‘More Effective Hedge Than Bonds’

Odaily Planet Daily News Bloomberg ETF analyst Eric Balchunas posted on platform X, stating that the inverse correlation of waste management stocks has been more apparent today, with DRAM up 13% and WM down 4%. He noted that the issue with a good hedge is that when other assets rise, the hedge asset falls, and said he is unsure why waste management stocks have become a better diversification tool than bonds.