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

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