Tag: high yield
Can Junk Bonds Lift Stocks Up Off The Floor?
High yield bonds, also known as junk bonds, have several purposes in the marketplace. One of those is to serve as a key indicator...
Will The Credit Markets Continue To Fuel A Rally In Stocks?
In my last article on October 5, I discussed how the credit markets were precariously close to signaling another sharp leg down in the...
Credit Markets Update: Mala Tempora Currunt?
I have been away from the trading screens since Tuesday and only able to catch up at night. Below is my read on what...
Where The Credit Market Stands And Where It May Lead Stocks
Long time readers know that I believe the stock market’s direction is a function of the corporate credit market and the many derivatives that...
High Yield Bonds (JNK) Oversold, But Market Headwinds To Linger
Annualized, 2015 is on track to issuing north of $300 billion – fourth straight year with a three handle. The red bars in the...
Soaring U.S. Corporate Bond Issuance – The Good, The Bad And...
U.S. corporate bond issuance is on track for yet another record year this year.
In the first half, corporate bond issuance totaled $877.7 billion, comprised...
High Yield Bond Divergence: Signaling Caution For Stocks Again?
If there is one bonds chart that has signaled trouble in the past its the Pimco High Yield mutual fund (PHDAX). The chart below...
Credit Markets Update: Is Something Scary Headed This Way?
With the “big bad event” that was the payroll number out of the way, it’s worth recapping the state of the corporate credit markets...
Flickering Hope In The Energy Sector: A DeMark View
Over the last couple of weeks I have been tweeting that the credit market for the Energy Sector (and select energy related names) seems...
The Current State Of The Global Credit Markets
Last week I wrote on how I interpret corporate credit and credit derivatives as guideposts for equity markets. In this piece I am going...
