The more extreme the speculative euphoria, the greater the risks of a reversal.One sentence sums up the speculative euphoria gripping markets: January and June of this year are the only months in the last 150 which have seen all assets post a posi…
New York | This week in The Institutional Risk Analyst, we return to the activities of funds operating in the world of distressed real estate and corporate debt. We noted a few months back that some of the biggest players in the distressed debt industry were preparing for a comeuppance in the market for collateralized loan obligations or “CLOs.” New funds were be created to absorb and profit by busted CLOs and distressed financial institutions such as Deutsche Bank AG (DB).But the anticipated
10-12 month cycle indicators have reached the levels of the January 2018 and September 2018 tops. Is it time to get bearish? This report answers…
He’s witnessed a lot of “crazy” in his three decades of closely following various Bubble markets, but Doug Noland says nothing compares with today’s bond market bubble.
The European slump had been a combination of several transitory factors. At least that’s what they had kept saying. ECB officials and staff Economists didn’t use that specific word, so far that’s the exclusive domain of the Federal Reserve. Regardless of semantics, the message was clear: the 2018 economy ended on a sour note but […]
It’s never about a single payroll report. Even still, there’s something significant in how the “good” ones aren’t measuring up the way they used to.
This week we entered the Sell Zone.
What’s left to monetize? It appears the answer is “very little.”Advertising has always monetized consumers’ time and attention, what we call engagement today. Newspapers and periodicals publish advertisements, radio/TV networks…
June Federal tax data showed that the market rationale for the rallies in stocks and bonds was just plain wrong. I wrote about it last…
The US manufacturing sector may not be in as bad a shape as its German or Japanese counterparts, though it appears to be catching up on the downside. The Census Bureau reports today that new orders for all types of goods in all industries fell 1.6% year-over-year (unadjusted) in May 2019. This was the first […]