“Junk-pocalypse Now”
Suddenly, everyone is talking about the HY canary in the stretched market coal mine. As
Suddenly, everyone is talking about the HY canary in the stretched market coal mine. As
File this one in the increasingly full “you heard it here first” folder.
Whatever you do, don’t you try and say we didn’t warn you. Time after time,
They do ring bells at the top…
Over the course of the last two days, I’ve suggested that perhaps the junk bond bubble
I’ve been shouting from the rooftops, pounding the table, beating dead horses, etc. etc. for
Investors are now so desperate for yield they’re willing to (literally) pay for obscene golden parachutes…
Remember the equity correction? If not, don’t worry. You didn’t miss something. There wasn’t one.
Earlier this week, a reader asked for my opinion on a “heretical” notion: The idea
In “Will Fed Hikes Catch Up To Corporates After All?” I wondered if the much-discussed
When it comes to refi penalty and roll risk, it was always (and self-evidently) a
Is monetary policy in the US (or in any other major, advanced economy for that
Remember the maturity wall panic? That was another bear narrative popularized in 2022 and 2023.
I probably shouldn’t have read Warren Buffett’s annual letter. It only reminded me of the
Last week, following the first of what would ultimately be several very bad days for
Fund manager sentiment is the least bearish in nearly two years, according to one bank’s
US equity-focused ETFs and mutual funds enjoyed an eighth straight inflow over the latest weekly
In the latest edition of the Weekly, I suggested the unofficial consensus is still that
On the heels of an exceedingly unfortunate three months during which both equities and bonds
Market interest in the latest vintage of the Fed’s senior loan officer opinion survey was
“Sell the last hike.” That’s been the mantra for one of the sell-side’s most recognizable
US equity-focused ETFs and mutual funds returned to inflows over the latest weekly reporting period.
It’s a long story, but I have a deeply ingrained aversion to what I call
Thanks Fitch! US mortgage rates sport a seven-handle again, and you can thank, in part
What happens to the world’s largest economy when corporations finally start to feel the heat
Rising rates have been a boon to some US corporates, and I don’t just mean
“Cash is seemingly burning a hole in the pocket of investors again,” Nomura’s Charlie McElligott
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