<Click on graphic for larger image> The Financial Times – Oil slide leaves distressed debt managers ready to roll Timing is everything for investing, as specialist distressed debt fund managers will attest. Proclamations reverberated across the distressed space one year ago: after years of low default rates, tumbling commodity prices would finally provide distressed debt… Continue reading Distressed Funds
<Click on graphic for larger image> Bloomberg.com – German-U.S. Yield Gap Narrows to 3-Month Low on Fed Reassessment ECB to publish account of December policy meeting Thursday Treasuries have gained amid a $5.7 trillion equity rout The yield gap between Germany’s benchmark government bonds and U.S. Treasuries has fallen to the least in almost three… Continue reading German Yields
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Charts of the Week Topics Covered This Week Include: A Capitulation In Oil But Not THE Capitulation Energy ETFs Energy ETFs – 2 Crude Oil Continues To Fall Gas Prices The Myth Of The First Trading Week Of The Year The Fed Minutes – Four Hikes In 2016 Yuan Depreciation, From “Nonsense” To “Ridiculous” Hedge… Continue reading Charts of the Week
<Click on graphic for larger image> Bloomberg.com – Lisa Abramowicz: No Hiding From Debt Slump Standard & Poor’s said on Tuesday that the outlook for corporate borrowers worldwide was the worst since the global financial crisis, with potential corporate downgrades outpacing possible upgrades by the most since 2009. This has been attributed largely to slower growth… Continue reading Credit Markets
ETF Trends – Oil ETFs: Is the Worst Yet to Come? Crude oil-related exchange traded funds continued to slip Tuesday, with West Texas Intermediate oil trading below $30 per barrel for the first time in over a decade, and observers warn there may be more pain ahead. Meanwhile,WTI futures were down 3.5% to $30.3 after… Continue reading Energy ETFs
<Click on chart for larger image> Comment The thick blue line in the chart above shows crude oil production in the lower 48 states in the U.S. (so it excludes Alaska and the Gulf of Mexico). The various colored lines show the monthly forecasts from the EIA (Energy Information Agency). The EIA is nothing more… Continue reading A Capitulation In Oil But Not THE Capitulation
<Click on chart for larger image> Bloomberg Business – Crude Falls Below $30 a Barrel for the First Time in 12 Years Oil dropped below $30 a barrel in New York for the first time in 12 years on concern that turmoil in China’s markets will curb fuel demand. West Texas Intermediate crude tumbled to… Continue reading Crude Oil Falls Below $30
Business Insider – Jeff Gundlach thinks oil is a disaster, rates could finally head higher, and gold could hit $1,400 – There is no reason to be bullish on oil over the long term. – Interest rates could move higher but 2016 is a year to “wait and see” and then react to the markets… Continue reading Jeff Gundlach Speaks
Reuters.com – Democratic presidential candidate Bernie Sanders supports bill to audit Fed U.S. presidential candidate Democrat Bernie Sanders voted on Tuesday in favor of a bill that would require audits of Federal Reserve monetary policy decisions, his campaign said in a statement following the vote. Sanders said he supports the bill because too much of… Continue reading Politicians From Both Sides Attack The Fed
<Click on graphic for larger image> The Wall Street Journal – Investors in Market Volatility Enjoy Wild Ride Markets around the world are volatile. That’s good news for those who make their living on gyrations. Banks and asset managers offer a variety of ways to bet that markets will be choppy. So-called volatility funds typically… Continue reading Volatility In The Markets
<Click on graphic for larger image> Real Time Economics – The State of the Economy in Eight Charts Mr. Obama entered office after the economy had been in recession for more than a year. Although the economy has since added enough jobs to climb out of that hole, the job creation during his presidency has… Continue reading The Markets During Obama’s Presidency