As Apple's market capitalization approaches $1 trillion, it remains one of the most important stocks in the S&P 500.... Read More
Tech ETFs have been in favor since the latest risk-on move began in May 2017. Meanwhile, consumer staple, utility and real estate ETFs have seen net outflows... Read More
Since the 2016 election, hedge funds have underperformed stocks by a wide margin.... Read More
Stocks are up over 30% on a total return basis since the 2016 U.S. Presidential election.... Read More
Commodities are up over 6% on a total return basis since the 2016 U.S. Presidential election.... Read More
Treasuries are down almost 3% on a total return basis since the 2016 U.S. Presidential election.... Read More
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
On a total return basis, stocks' streak of 15 consecutive months without a loss is at risk.... Read More
Jim Bianco discusses his recent post titled "More On Marxism And High Yield."... Read More
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
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
Three short webcasts detailing the February 23, 2018 Commitment of Traders report... Read More
Speculators in VIX futures got caught on the wrong side of a trade while asset managers profited in stock futures.... Read More
The spread between U.S. and Canadian 10-year notes has swiftly widened since the tumult of early February. ... Read More
The recent bear slide through this month (February 2018) has been the calmest on record. ... Read More
Landlocked Canadian producers risk being left behind as the U.S. energy industry makes exports a bigger priority.... Read More
Recent market turmoil has led to a swift retreat from these ETFs, especially high yield.... Read More