Silver as an investment

Category Archives: High Yield

“As Good As It Gets” – What A Difference 11 Months Makes

Authored by Robert Gore via Straight Line Logic, What a difference eleven months make. Shortly after Donald Trump was inaugurated he fired Michael Flynn. What’s become the conventional subtext is that the intelligence agencies have launched a “soft coup” against Trump, he has been significantly weakened, and the Deep State has scored a major victory. […]

US Yield Curve Crashes Most In 6 Years As Stocks, Bitcoin Hit Record Highs

What could go wrong?   Small Caps exploded higher today, driven by financials, presumably on tax reform hype.. but after Bob Corker said "yes" there was some notable "sell the news"… Notably, as soon as the cash market closed, futures ripped to the highs of the day…   On the week, Nasdaq (green) and Dow […]

Copper Crash And Yield Curve Carnage As Tech, Trannies, & TBTFs All Tumble

Today was a day in the upside-down: Banks underperformed Tech; High tax underperformed Low tax; Momo outperformed Value; Nasdaq outperformed S&P; and VIX down with stocks down…   While Nasdaq (green) outperformed on the day, and was bid at the open, Trannies (blue) underperformed; note that as Europe closed, everything rolled over….   Only Trannies […]

CME Unveils “Weirdest Chart Ever”

Authored by Erik Norland via CME Group, We freely admit: Figure 1 is probably the strangest chart that you will ever see, at least in finance.  You may be wondering: did they throw blue spaghetti noodle on paper for inspiration and then write an economics article about it?  Or, have they spent too much time […]

Stocks Sink But Bitcoin Bursts To Record Highs On Cyber Monday

Whatever you do – remember "all is well"   Dow ended higher (with MMM and HD the biggest drivers) as Trannies, Small Caps (ugly into the close), and the Nasdaq red with S&P clinging to unchanged…until the very last minute… NOTE – this is Nasdaq's first down day in the last five – and that […]

Bill Blain: “Stock Markets Don’t Matter; The Great Crash Of 2018 Will Start In The Bond Market”

Blain’s Morning Porridge, Submitted by Bill Blain of Mint Partners The Great Crash of 2018? Look to the bond markets to trigger Mayhem! I had the impression the markets had pretty much battened down for rest of 2017 – keen to protect this year’s gains. Wrong again. It seems there is another up-step. After the […]

Stockman Warns “Mind The Junk” – This Ain’t Your Grandfather’s Capitalism

Authored by David Stockman via Contra Corner blog, The financial system is loaded with anomalies, deformations and mispricings – outcomes which would never occur on an honest free market. For example, the junk bond yield at just 2% in Europe is now below that of the "risk-free" US treasury bond owing solely to the depredations of the ECB. Indeed, […]

Junk Bond ETFs Have Rough Two Weeks: Deals Pulled, Outflows Rise

Submitted by Mish Shedlock Volatility has returned, at least in the junk bond market. JNK, the Barclays High Yield Bond ETF, and HYG, the iShares High Yield Bond ETF, both had the steepest decline in three months. Is this another buy the dip opportunity, or is risk avoidance about to take hold? Cracks Widen Reuters […]

In Bizarre Warning JPMorgan Says “Beware The Shadow World” As “Speed Of Asset Rally Is Scary”

While the Fed may still be confused by the lack of inflation, if only in the “real economy”, if not in financial assets, increasingly more analysts have realized that what the Fed has done is tantamount to blowing an roaring inflationary bubble, if largely confined to the realm of asset prices. And while we used […]

Bid To Cover Tumbles In Ugly, Tailing 7 Year Auction

After two mediocre, tailing auctions, moments ago the Treasury sold $28 billion in 7 year paper in this week’s final bond issuance and it was the ugliest of all. Stopping at a high yield of 2.28%, this was a tail of 0.8bps – the first since July – to the 2.272% When Issued and the […]