Silly Season?
For a day at least, several items I have been holding, trading and noting in NFTRH as seasonal plays are getting peppy, even with the Russell 2000 in the red. …
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January 2, 2015
Junk’s Bearish Market Divergence Continues
Junk bonds have bounced with Santa (nominal HYG, top panel), but have remained locked in downtrend all through the bounce. Further, Junk vs. Investment Grade and long-term Treasury are still…
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January 2, 2015
Yield Curve Today
Pardon the previous edition of this post. I imagined that the curve was rising, but it is in fact dropping a bit today as the market flies around post-ISM. As…
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January 2, 2015
December ISM (PMI @ 55%)
I have highlighted the more relevant items with green being positive and red not so much. Not a bad report, but there is slight deceleration in the workings of this…
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January 2, 2015