Negative Real Junk Bonds
Spreads are tight because of the easy Fed policy and the lack of expected risks in the economy.
Read MoreJun 18, 2021
Spreads are tight because of the easy Fed policy and the lack of expected risks in the economy.
Read MoreApr 26, 2021
The yearly change in margin debt is modestly above the stock market but cash holdings by S&P 500 firms are substantial with rising profits.
Read MoreDec 22, 2020
This non-stop rally has only been matched by the rally in the 2nd half of 1999. That was a few months before the peak in March 2000.
Read MoreJul 15, 2020
The expectations for future stock dividend increases have improved while consumer spending growth hasn’t improved in the past 4 weeks.
Read MoreMay 7, 2020
Investors are bearish according to the AAII investor sentiment survey while the stock market is climbing the wall of worry which is bullish.
Read MoreApr 24, 2020
This recession might be deeper than the Great Depression with unemployment exceeding 20%, while companies are issuing debt to payback their revolvers.
Read MoreApr 21, 2020
It’s almost impossible to overstate the impact COVID-19 is having on the labor market. Virtually every job has been impacted. Here are some key takeaways…
Read MoreApr 14, 2020
The unemployment rate is about to spike, but that won’t tell the whole story of the weakness, while companies are taking out more debt.
Read MoreApr 9, 2020
S&P 500 EPS estimates have only fallen by half the amount while consumers see a recession just a few months after being the most optimistic in decades.
Read MoreApr 8, 2020
Small business confidence fell the most ever, with further room to fall in April. Dividends are expected to be cut and may not recover until 2024 or 2028.
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