Tag: credit markets

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...

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...

Buy Now, Pay Later (BNPL) Services Changing Credit Landscape

Our daily lives are comprised of countless purchases, big and small. Beyond the advancements in the products and services we buy, there has also...

Bond Spreads Deviating From Reality: Will Investors Heed Warning?

“The current environment may be more uncertain and riskier than any we have seen in our lifetimes. Yet, spreads say the future has never...

COVID-19 and the Financial Markets: This Time Is Different

It has been almost one year since my last article, and it is probably a good thing I did not write much because any...

Soaring Corporate Debt Levels: Value Investors Need Discerning Eye

Given increased economic headwinds and the length of the market runup, it’s not surprising investors are flocking to what they hope will be steady-performing...

Credit Market Risks Warn Of Stock Market Correction, But Bull Still...

This week’s stock market beating has everything to do with the HEADLINE NEWS SPOOK of the 2/10 yield curve inversion, and NOTHING to do...

Beware of the Walking Dead: Zombie Debt Companies

In a previous article, The Fed’s Body Count, I stated: “Markets and economies, like nature itself, are beholden to a cycle, and part of the cycle...

Consumer Debt / Consumption: Pulling Forward Versus Paying Forward

Debt allows a consumer (household, business, or government) to pull consumption forward or acquire something today for which they otherwise would have to wait....

Without Yield Curve Inversion, Investors Face Tricky 2019 Correction Roadmap

The two hallmarks of the 2000-2002 and 2008-2009 financial crisis were: 1) the inversion of the 2-10 year yield curve (I will refer to...

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