Junk Bonds Reversal Would Be Bullish For Stocks!
With yields trading at elevated levels and stocks trading at depressed levels, it makes sense that junk bonds are not faring well this year. BUT...
MBS, Convexity Vortex, and a Silver Lining For Bonds
Many investors fail to understand the nuances and complexities of Mortgage-Backed Securities (MBS). As a result, few can appreciate institutional MBS investors’ role in...
Copper/Gold Ratio Says Bond Yields Rally Overdone
The price of copper to gold has been a correlation that has followed 10-Year US Treasury bond yields (in trend) fairly closely. This correlation has...
Stocks vs Bonds: Goodbye TINA – Hello BAAA?
Sheep are timid, nervous, and easily frightened animals. For similar reasons, some fixed-income investors are often described as sheepish. Investing sheep get anxious about...
Tune Out the Financial Networks and Watch Real Bond Yields
Investors watch CNBC and CNBC’s competitors for guidance on where the markets are going. CNBC may provide insightful commentary from very qualified investors. Still,...
Did the 10-Year Bond Yield Peak at Key Fibonacci Level?
During the 3rd quarter of this year, we saw the 10-year treasury bond yield reach its highest level in nearly 15 years! This corresponded with...
Will Junk Bonds Pull Stock Market Lower Yet?
When stocks are showing weakness, we can learn a lot by watching the credit markets. And in today's case, Junk Bonds and the ETF $JNK. Better...
Stock Market Decline: Retest or Worse?
Back in August I published an update on the credit markets. Of note, I suggested that “This bear market has been different from any since...
Is Surge In Bond Yields a Case of Too Far, Too Fast?
One major theme of 2022 is the Federal Reserve raising interest rates to squash inflation. Case in point, the Fed raised rates another 75...
5 Market Themes For Traders This Week
The market took another turn for the worse this past week, with four weeks in a row in the red and the DOW futures...
