Equities versus credit
the white line is the S&P 500 futures the orange line is investment grade credit the yellow line is high yield credit the smart money trades credit so we must follow their moves. yesterday (thurs nov 10th) credit ended the day at the lows of the day (spread at highs means price is at […]
Italy Yields vs France Yields
people are saying France is next with a run on its yields. couple of things though: france is not italy…they are much more conservative in their spending habits looking at the yield graph below it is clear that french 10 year bond yields are nowhere near those of italy. so…let's keep things in perspective and […]
Morning Thoughts November 11
The freak show that is the current volatility in the markets continued yesterday as stocks opened higher, tested the Wednesday lows and rallied back up to the open levels again. Nutty? Sure. But it is also what is and as traders and investors we must make the best of it. That is not to say […]