Qualifying Fed’s impact on corporates
In Follow the Fed - it prints the money, we focused on how just the announcement of the intent to buy corporates led to an improved tone in the market…
Read MoreIn Follow the Fed - it prints the money, we focused on how just the announcement of the intent to buy corporates led to an improved tone in the market…
Read MoreDespite the emerging issues with China and the rioting in many cities over the weekend, the market looks to open roughly unchanged on the back of continued expectations of an…
Read MoreOn Tuesday, we made a move to offense as the market broke out of the trading range since early April accompanied by 1) further improvement in credit and 2) led…
Read MoreOn Tuesday morning, we got back on the offensive via a tactical call into Value, Banks, and Tanks (Industrials). We had been waiting for signs of a turn in the…
Read MoreAs the S&P 500 (SPX) moves out of its “frustration phase” of the bottoming process, we believe it is time to focus on potential offensive rotation rather than the absolute…
Read MoreWhat a roller coaster the last few sessions have been. It seems incredible the S&P 500 (SPX) was nearly breaking down from the recent range last Thursday, only to be…
Read MoreThe market continues to frustrate both the bulls and the bears because there really isn’t any certainty over anything. As we pointed out in yesterday’s closing commentary, after a very…
Read MoreThere will be a conference call TODAY, May 15th at 2pm EDT for Gold level subscribers.
Read MoreThere has been an incredible ramp in corporate credit new issuance since the Fed announcement that it was going to buy corporate bond ETFs. The Secondary Market Corporate Credit Facility…
Read MoreThe headlines this morning are very interesting to me, and it reinforces how important the Fed decision was to buy corporate debt on 04/09. This morning the futures are slightly…
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