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Charts of the Week
Charts of the Week
December 16, 2015
Charts of the Week Topics Covered This Week Include: High Yield ETF Update High Yield ETF Update – 2 High Yield ETF Update – 3 More On The Yuan The New Mechanics Of A Rate Hike M&A Activity A Look At Inflation The Era Of Zero Rates, 10-Year Back To Where It Started Crude Oil… Continue reading Charts of the Week
Newsclips
The New Mechanics Of A Rate Hike
December 16, 2015
The Telegraph – Will the Federal Reserve be able to raise its interest rates? Traders joke that the Federal Reserve has taken so long to raise rates that it might’ve forgotten how – the real problem could be more serious Introducing yet more tools to deal with its problem has further complicated the Fed’s role… Continue reading The New Mechanics Of A Rate Hike
Newsclips
Talking Fed & High Yield
December 16, 2015
Comment Jim Bianco was on Bloomberg yesterday discussing the markets. To view the interview, click on the image above. To view any of our recent interviews, click here. Fun fact for the day: The Fed cut interest rates to zero exactly 7 years ago today (December 16, 2008). The 10-year yield was 2.26% Today it… Continue reading Talking Fed & High Yield
Newsclips
What Is A Dovish Hike?
December 16, 2015
CNBC – Wall St. expects three more rate hikes in ’16: Survey Markets expect the Fed to hike interest rates this week and as many as three more times next year, according to the CNBC Fed Survey, and respondents believe it’s bad for stocks, housing and the economy. As a result, the 42 respondents, including… Continue reading What Is A Dovish Hike?
Newsclips
Yeah Ben, And Subprime Was Contained Too!
December 16, 2015
MarketWatch.com – Ben Bernanke says he never expected interest rates to stay at zero for so long MarketWatch: Ever since you started bond purchases, there has been criticism that the Fed was manipulating rates and there would be hell to pay one day. That concerns continues. Martin Feldstein recently said that QE was propping up… Continue reading Yeah Ben, And Subprime Was Contained Too!
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High Yield ETF Update
December 16, 2015
Bloomberg – Lisa Abramowicz: ETFs Magnify Mood Swings The bond investor used to be the stuffy alter ego to the shoot-from-the-hip stock trader. Bond buyers would painstakingly evaluate which companies would most likely pay back their debt, determine whether they were being sufficiently compensated for any risk of default and then sit back and enjoy… Continue reading High Yield ETF Update
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Interest Rates, The Long View
December 16, 2015
<Click on graphic for larger image> The New York Times – Neil Irwin: Why Very Low Interest Rates May Stick Around The Federal Reserve will most likely raise interest rates this week for the first time in nearly a decade. To understand what it means — and doesn’t mean — consider a previous year in… Continue reading Interest Rates, The Long View
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Loopy Ideas From 2015
December 16, 2015
Economics 21 – Caroline Baum: Pent-Up Nonsense and Other Loopy Ideas from 2015 1. Pent-up Nonsense One can always count on pent-up demand, or a lack of it, to explain the strength or weakness in consumer spending or home sales in any given month. It’s as if demand for goods and services were finite. 2.… Continue reading Loopy Ideas From 2015
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Hedge Funds Still Want Your Money
December 16, 2015
The New York Times – Battered, Apologetic and Still Pitching Their Hedge Funds It has been a bruising year for hedge funds. Not even billionaire managers with sterling records were able to escape heavy losses, and several among them have made the industry’s list of worst performers. Some lost so much of their investors’ money… Continue reading Hedge Funds Still Want Your Money
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Cartoons
December 16, 2015
Newsclips
High Yield ETF Update
December 15, 2015
Comment Jim Bianco was on CNBC yesterday discussing the high yield market. To view the interview, click on the image above. To view any of our recent interviews, click here. In updating the high yield ETF landscape, let’s start with some perspective. The chart below shows the total assets in investment grade credit ETFs (blue)… Continue reading High Yield ETF Update