“Who the hell knows.”
Category: investment grade
In Credit, Searching For The Last Straw
Yes, it’s going to crack, but where first?
Adam Schwartz And His ‘Black Bear’ Tilt At Credit ETF Windmill With Bet On Epic Implosion
The bottom line here is that while a big part of me is rooting for the guy, the odds are most assuredly not in Adam Schwartz’s favor.
The End Of The Invisible Hand And ‘The Hunt For Red October’
Good luck – you’re going to need it.
Goldman Doesn’t Think It’s Time To Panic. Here’s Why…
Who’s in the mood for some “don’t panic, the fundamentals are sound” analysis on Saturday?
CDS Is Grossly Disconnected From EM, So Now Is A Great Time For A CDS ETF!
All you can do is shake your head.
In Investment Grade Credit, A ‘This Has Never Happened Before’ Moment Emerges
This should be bullish – I guess.
What’s Wrong With Investment Grade Credit? Some Possible Answers As Compiled By The Macro Tourist
“Whichever reason you are partial to, at least you now have a good list of excuses to pick from as to why IG is trading so badly.”
Beware Fallen Angels: One Bank Ponders The Fate Of The European Junk Market
“… it fills us with a lot of fear [and] not just because many central banks would be relatively constrained in their ability to cut rates after their big post-GFC easing.”
Trader Asks: Does IG Know Something Everything Else Doesn’t?
“Something unusual is happening.”
Reciprocity: Full Week Ahead Preview
Trade, immigration and “covfefe” – what else is there?
One Bank Sees ‘Ominous Signs For The World’s Most Important Financial Institutions’
“We do not believe this decoupling will be sustainable. Either the rest of the equities must come under pressure or the financial sector must rally.”
Give Me Some Damn Credit – Or Actually, No. Don’t.
More on the disconnect.
‘Transient Or Persistent’: What Does Credit Know That Everything Else Doesn’t?
Maybe nothing. Consider it unresolved.
No Resolution.
Aaand that’s the week.
Credit Disagrees With U.S. Stocks (Again): Who’s Right?
Spoiler alert…
‘The Snapback When It Comes Can Be Vicious’: Albert Edwards Thinks Credit ‘Isn’t Getting The Message’ (Yet)
“And another straw in the wind may be the performance of a newly issued junk bond of a company called WeWork who have invented an entirely new, nonsense valuation metric – ‘community-based EBITDA’!”
‘Dragon Energy’.
That’s one “very cool” holding pattern.
From Inflation To ‘Quantitative Failure’: What Are Credit Investors Most Concerned About?
“Slim margin”of error for Goldilocks.
‘Rates < HY < IG < Equity': Hierarchy Of Vulnerability Revisited
“This seemingly counterintuitive result has a distinct ‘path-dependent’ flavor.”
Hide The Women And Children.
“Tremendous” things are happening.
A Bearish Start To Your Week
Well, things took a decisive turn for the worst just after the European open…
Trader: ‘I Know This Seems Crazy, But’…
“They’re back. I thought they had all given up, but like an old college buddy who’s going through a bad divorce and just needs a place to crash for a ‘few days,’ the corporate credit skeptics are a tough lot to shake.”
What’s Going On With Credit Vol.?
“…the tail risk associated with the bond trade unwind has become more visible.”
Are The Locusts Coming? Here’s What History Says About Stocks, Credit, Yields And Inflation
“Lions, tigers, and bears, oh my!”
High Note.
And so the holiday-shortened week comes to a close and it delivered everything that could have been reasonably expected of it.
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