Category Archives: High Yield Debt
Warning: the Oil Crash Is Just Days Away From Triggering a Debt Crisis
The Oil collapse is about to trigger a crisis in junk bonds. Oil has been going straight down for weeks now. As we write this, black gold is below $43 a barrel, down 16% from its levels a month ago. “So what?” you might ask, “Oil experiences similar drops all the time. Why is this […]
These Three Charts Are Warning the Market Could Soon Experience an “Event”
The markets are speaking, but no one is listening. The single driver of the stock market since election night is the hype of a Trump-policy driven economic boom. The economy is booming, but based on expectations NOT actual policy changes. This is a critical distinction. Stocks are MOST susceptible to violent drops (or even Crashes) […]
Bank Stocks Stumble To 1-Month Lows As Yield Curve Slumps Post-Fed
Not sure why but this seemed appropriate after listening to the drivel from Washington (and Fed speakers) all day… Bonds and Bullion the big winners post-Fed… There were 3 notable legs lower in stocks today… The catalysts seemed to be 1335ET – *EVANS SEES MORE UPSIDE POSSIBILITY IN UNCERTAINTY FACING FED, THIS IS […]
Credit Crash Concerns Spark Biggest Investor Underweight Since 2008
Alarm bells are starting to ring across multiple asset classes as we approach The Fed's first double-rate-hike-in-3-months since 2006. The most concerning canary in the coalmine is US credit markets… After a bigly run-up from the Feb 2016 lows – on the heels of unprecedented central bank cooperation – IG bonds began to break […]
Risk Parity Plunge Continues: Stocks Down, Bonds Down, VIX Down, Fed Up
There's a lot of risk assets falling apart behind the scenes… The ongoing plunge in Risk Parity fund deleveraging… Is now weighing on more asset classes as Stocks, Bonds, and VIX all drop (ahead of The Fed on Wednesday) And EM stocks, crude, high yield bonds are all tumbling… The S&P […]
Japan – It’s Finally Happening
Submitted by Kevin Muir via The Macro Tourist blog, Remember when the trade-du-jour was to be short JGBs? All the cool kids had it on the sheets. You couldn’t turn on CNBC without being blasted with Texas’s favourite hedge fund manager foreshadowing Japan’s coming demise. Japan’s collapse seemed to be Kyle Bass’ raison d’etre. […]
IceCap Asset Management On Investing Through The Eyes Of An Ostrich
Submitted by Keith Dicker IceCap Asset Management The ostrich is an awesome bird. It has awesome legs, awesome eggs and an even more awesome history. 5,000 years ago, the Mesopotamians featured the giant bird on cups, shirts, and walls; and even used its eggs as currency in trade. 2,000 years later, the ostrich continued to […]