Bonds in Perspective

The world is getting hyped up about bond yields lately with bonds of all stripes declining, as if we are in the midst of a debt Armageddon (we are and…

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Bank Leadership @ Limit

The Banks (BKX) have been leading the broad US stock market (SPX) down into this bumpy ride as T bond yields tank ever further.  While the intermediate picture features varying…

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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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Bond Risk Profiles Flip Flop… Slightly

Yesterday we noted TLT (often risk OFF) was popping up from its flag.  Today that is reversed.  Today we see a massive risk 'ON' impulse throughout Wonderland, I mean the…

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