Thursday credit indicators update
Despite the dramatic decline in equities over the last week, our check of credit conditions shows that the current level of fear caused by Covid-19 has not led yet to…
Read MoreReal fear taking hold – sticking to our playbook
The Covid-19 has now moved into full blown panic in the market. The S&P 500 (SPX) opened down 10% from the recent record high in just a week, representing one…
Read MorePost whoosh pop and drop
The S&P 500 (SPX) has dropped 6.28% over the past two sessions alone (Figure 1). This was the first 6% decline over a two-day period since the 6.13% drop in…
Read MoreStill too early for offense
The correction in the markets over the past month that was masked by the mega-cap Info Tech stocks finally caught up the major market indices yesterday.
Read MoreThursday credit indicators update
Our weekly check of credit conditions still suggests there are no signs of stress in the credit markets which reinforces or view that any correction should be bought.
Read MoreWeekly credit indicators update
Our weekly check of credit reinforces our view that any correction should be bought. Remember, recessions happen when companies need money and don’t have access to it or can’t afford…
Read MoreHump day market macro view w/ something new on radar
There is so much commentary coming from both the bulls and the bears that appears very compelling. The bulls would argue the Coronavirus statistics are peaking, while the bears would…
Read MoreFebruary Macro Slide Deck
This month's slide deck starts with a bit of Q & A with myself...
Read MoreCredit indicators update
Our weekly check of credit conditions continues to show no signs of stress in the credit markets which is one of the factors that kept us from getting overly negative…
Read MoreBrief market update given recent strength
The market looks to surge again on the news that China has potentially discovered a vaccine for the Coronavirus. The S&P 500 (SPX) has quickly recovered the losses since the…
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