As Greed Returns, Remember: ‘Strong Rallies Should Lead To Less, Not More Optimism’
“…sometimes you are compensated for this skewed perception and other times you are not.”
Category: credit
Is Direct Lending The Next Subprime? Goldman Says Probably Not
Another “some worry” story.
The Last Time BBBs Did This, Stocks Were At Record Highs
The latest from the “BBB apocalypse” saga.
Presenting, One Bank’s ‘Refi Losers’
Domino effects.
‘We Feel The Need To Shout About This Risk Even Louder’: Angels In Europe
Fallen angel risk, European style.
‘Fallen Angel Risk’ Still Front And Center Despite Bounce As $186 Billion Of Bonds ‘Migrate’ To BBB
…nobody wants to assign a high probability to what would be a catastrophic event.
IG Credit Potpourri: BBB Apocalypse Update And A Liquidity Check
A lot of ad hoc musings here cobbled together and submitted for your approval.
Going ‘Ex Liquidity’ And A Macabre Celebration At TINA’s Funeral
“…cash ’embarrassed’ so many asset classes in 2018.”
What Are Stocks And Other Assets Saying About The Odds Of A US Recession?
Remember: anything is better than Larry Kudlow’s “models”.
bonds commodities credit dollar europe eurostoxx FX hang seng high yield investment grade kospi Markets nikkei oil S&P 500 shanghai composite stocks yen
Requiem For 2018: A Visual Retrospective
At least we know what 2019’s consensus longs are.
Fear And The Market’s Perverse Fascination With Calamity
Fear is self-reinforcing.
