Tag Archives: Markets
Markets
Hedge Fund Performance
Hedge Fund Performance
Since the 2016 election, hedge funds have underperformed stocks by a wide margin.... Read More
Markets
Stock Total Returns Since the Election
Stock Total Returns Since the Election
Stocks are up over 30% on a total return basis since the 2016 U.S. Presidential election.... Read More
Markets
Commodity Total Returns Since the Election
Commodity Total Returns Since the Election
Commodities are up over 6% on a total return basis since the 2016 U.S. Presidential election.... Read More
Markets
Bond Total Returns Since the Election
Bond Total Returns Since the Election
Treasuries are down almost 3% on a total return basis since the 2016 U.S. Presidential election.... Read More
Markets
U.S. High Yield Front-Running the U.S. Yield Curve?
U.S. High Yield Front-Running the U.S. Yield Curve?
Posted By Ben Breitholtz
Investors are shifting assets away from U.S. high yield and toward U.S. value equities and short-term U.S. Treasuries. The threat of a sizable drawdown by U.S. high yield appears quite low. However jitters are bubbling to the surface with a rising correlation between high yield OAS and the U.S. yield curve.... Read More
Markets
Stocks’ Monthly Streak On The Line
Stocks’ Monthly Streak On The Line
Posted By Greg Blaha
On a total return basis, stocks' streak of 15 consecutive months without a loss is at risk.... Read More
Markets
Webcast: More On Marxism And High Yield
Webcast: More On Marxism And High Yield
Jim Bianco discusses his recent post titled "More On Marxism And High Yield."... Read More
Markets
More On Marxism And High Yield
More On Marxism And High Yield
Bloomberg – Jim Bianco: Marxism Has Cornered the Junk-Bond Market Passive investing doesn’t discriminate between individual winners and losers. To update Karl Marx’s famous phrase, ?from each according to ETF flows, to each according to their index weighting.? Comment Over... Read More
Markets
S&P 500 Trading Patterns Oddly Dominated by Wasteland Hours
S&P 500 Trading Patterns Oddly Dominated by Wasteland Hours
Posted By Ben Breitholtz
S&P 500 returns since the market bottomed on February 8th, 2018 have been boosted by the wasteland of trading at the 8 am and 3 pm CT hours. These are not the trading patterns enjoyed prior to the tumult of 2018.... Read More
Markets
CoT Webcasts For February 23, 2018
CoT Webcasts For February 23, 2018
Three short webcasts detailing the February 23, 2018 Commitment of Traders report... Read More
Markets
VIX Speculators Lose, Stock Asset Managers Win
VIX Speculators Lose, Stock Asset Managers Win
Speculators in VIX futures got caught on the wrong side of a trade while asset managers profited in stock futures.... Read More
Markets
U.S. 10-year Yields Getting Too Far Away from Canada?
U.S. 10-year Yields Getting Too Far Away from Canada?
Posted By Ben Breitholtz
The spread between U.S. and Canadian 10-year notes has swiftly widened since the tumult of early February. ... Read More
Markets
U.S. Treasuries – Calmest Decline in History
U.S. Treasuries – Calmest Decline in History
Posted By Ben Breitholtz
The recent bear slide through this month (February 2018) has been the calmest on record. ... Read More
Markets
No Rescue for Isolated Canadian Oil Production
No Rescue for Isolated Canadian Oil Production
Posted By Peter Forbes
Landlocked Canadian producers risk being left behind as the U.S. energy industry makes exports a bigger priority.... Read More
Markets
Corporate Bonds Becoming an ‘All for One and One for All?’
Corporate Bonds Becoming an ‘All for One and One for All?’
Posted By Ben Breitholtz
Recent market turmoil has led to a swift retreat from these ETFs, especially high yield.... Read More
Markets
The FOMC Minutes
The FOMC Minutes
The market is still pricing in a 100% chance the Fed hikes to 1.50% to 1.75% at the March 21 meeting.... Read More
Markets
Household Debt & Credit
Household Debt & Credit
Posted By Greg Blaha
Last week the Federal Reserve of New York released its quarterly report on household debt and credit. The interactive visualization below offers some of the more interesting charts from the update. Feel free to change timelines where offered and mouse... Read More
Markets
Crude Oil CTAs Remain Near Net Long Extreme
Crude Oil CTAs Remain Near Net Long Extreme
Crude Oil Large speculators (second panel) are near a net long extreme position, managed money (third panel) is still buying aggressively and the other reportables (bottom panel) are close to setting new records. These are contrarian sell signals. ... Read More