It is early in the day but ugly does not describe today’s action. Screens are beet red…and one thing really starting to stand out. It is the mauling of the high-yield, junk bond arena. We have yapped forever here at this area as the most mis-priced and distorted market brought to you by Mr. Bubble Bernanke…which fed into Wall Street doing their normal leveraging and reach for yield.
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- Radio Show 5/17May 18, 2019 - 10:39 am
- Radio Show 5/16May 17, 2019 - 11:24 am
- PRE MARKETMay 17, 2019 - 7:56 am
Guess the gap…up or down. Seems that is the m.o. now. What news is going to cause a gap to the upside? What news is going to cause a gap to the downside? This morning, nothing really news. We still have tariff issues. We still are hearing about Iran. Immigration is still a problem. But […]