Corporate Bond Issuance Keeps Humming – Any Investment Implications?

posted in: Credit, Economy, Equities | 0

U.S. corporate bond issuance continues at a healthy pace, with high-yield in particular on course for growth this year after three consecutive yearly decline. In October, corporate debt issuance totaled $140.9 billion, consisting of $118.2 billion in investment-grade and $22.7 … Continued

Hated Bull Market? Some Truth To That, But In Aggregate Has Been Fully Embraced

posted in: Credit, Equities, Technicals | 0

Equity bulls often assert that this is the most hated bull market ever.  There is some – with emphasis on ‘some’ – truth to that, particularly if we focus on short interest. U.S. stocks reached an important bottom in January/February … Continued

Public Embraces Stock Rally – Will Crazy Get Crazier?

posted in: Credit, Economy, Equities | 0 carried a story on June 1 stating that U.S.-listed ETFs took in $32.7 billion in inflows in May.  Year-to-May, a total of $203.8 billion came in.  International equity ETFs made it big, as seven of the top 10 belonged … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of December 27, 2016. 10-year note: TLT, the iShares 20+ year Treasury bond ETF, has had a nasty drop since it reached a historic high of $141.91 on July 8 this year.  Two … Continued

Margin Debt Essentially Flat Since April ’15 Peak, Even As S&P 500 8% Higher

posted in: Credit, Equities | 0

November NYSE margin debt increased 3.4 percent month-over-month to $500.4 billion.  This is the fourth time in the series’ history it has crossed $500 billion.  The first one occurred in April 2015 when debt rose to $507.2 billion – a … Continued

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