Silver as an investment

Category Archives: High Yield Debt

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 […]

Worried You Might Buy Bitcoin or Gold, Report 5 Mar, 2017

The price of gold has been rising, but perhaps not enough to suit the hot money. Meanwhile, the price of bitcoin has shot up even faster. From $412, one year ago, to $1290 on Friday, it has gained over 200% (and, unlike gold, we can say that bitcoin went up—it’s a speculative asset that goes […]

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 […]

Regime Change? Yields Surpass Critical Level

For now, shareholders appear unphased by the fact that the cost of funding of the companies that they prize are soaring at an unprecedented speed. Nowhere is that more obviously disconnected than the congnitive dissonance between credit-sensitive small cap stocks and the plunge in high-yield corporate bonds. However, as we have begun to see today, […]

Axel Merk On Gold – What Happens Next?

Submitted by Axel Merk via MerkInvestments.com, After an initial surge in the hours after Donald Trump’s election, the price of gold has been under pressure. To gauge what’s ahead for the yellow metal, we dissect the forces that may be at play. We have argued in the past that for investors to consider any investment, […]

Dow Suffers First Post-Trump Loss As Cratering Bond Curve Bruises Banks

Industrial Production contracts for longest non-recessionary period ever, GDP growth expectations are dead on the floor, and rate-hike odds are near 100%…   The Dow closed red as Nasdaq surged… (not teh drop towards the end of day sparked by Carl Icahn's comments that "stocks have run ahead of themselves since Trump won the election" […]

Junk Bonds Are Going To Tell Us Where The Stock Market Is Heading In 2015

Do you want to know if the stock market is going to crash next year?  Just keep an eye on junk bonds.  Prior to the horrific collapse of stocks in 2008, high yield debt collapsed first.  And as you will see below, high yield debt is starting to crash again.  The primary reason for this […]