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Energy Junk Bonds Tumble, Dragging High Yield Spreads To 2018 Wides

Energy Junk Bonds Tumble, Dragging High Yield Spreads To 2018 Wides

Last weekend we reported that “the world’s most bearish hedge fund”, Horseman Global, had charted a specific path to trade the coming bear market, and it went through one commodity – oil, and one industry – shale. As Clark wrote in his most recent Market View letter, data from the EIA, price action of stocks, and comments and capital market activity “are […]
Precious Metals Report – Tuesday, Oct. 30

Precious Metals Report – Tuesday, Oct. 30

Video length 00:06:23
Aerospace & Defense ETFs: Can The Outperformance Continue?

Aerospace & Defense ETFs: Can The Outperformance Continue?

Video Length: 00:08:50 Aerospace & defense stocks and ETFs had very strong performance last year, thanks mainly to rise in defense spending. Also, synchronized global growth benefitted their commercial aerospace businesses. They continue to outperform the broader market this year as well. A boost in defense budgets in the US and reports of commitment by […]
Oil Outlook: Bearish Momentum Abates Amid Failure To Test August Low

Oil Outlook: Bearish Momentum Abates Amid Failure To Test August Low

OIL TALKING POINTS Crude slips to a fresh monthly-low ($65.37) even as Nigeria Petroleum Minister Emmanuel Ibe Kachikwu argues $70/bbl is a ‘comfort level’ for the Organization of the Petroleum Exporting Countries (OPEC), but a series of failed attempts to test the August-low ($64.45) may generate a near-term rebound as the bearish momentum starts to abate. OIL OUTLOOK: […]
Vector Group Eyes US$325m Note Sale As Rising Leverage And Higher Prices Stunt Growth

Vector Group Eyes US$325m Note Sale As Rising Leverage And Higher Prices Stunt Growth

Florida-based cigarette maker Vector Group (NYSE: VGR) is set to sell US$325m worth of senior unsecured notes to refinance existing bonds, as the company continues to struggle with a hefty debt burden. Vector Group, parent of tobacco company Liggett, as well as New Valley, which owns a majority stake in Douglas Elliman Realty, plans to […]
US Markets – It Won’t Happen Right Away But Global Pressures Will Be The Main Drivers

US Markets – It Won’t Happen Right Away But Global Pressures Will Be The Main Drivers

Richard Postma joins me today to take a close look at the major drivers in the markets. With US markets continuing their shakiness it’s important to understand what will truly drive the markets into next year, to see the major issues look outside of the US and understand just how connected everything is. We also […]
Natural Gas Seems Jumpy

Natural Gas Seems Jumpy

Though the natural gas market remains range-bound it continues to bounce around violently within its range, with the December contract shooting higher this morning before reversing lower into the early afternoon.  It was the first day with the December contract trading as prompt, and it settled just two ticks above where the November contract expired […]
Stock Selection Options By Category

Stock Selection Options By Category

In part 1 of this series titled “How Many Stocks Should I Own?” found here, I focused primarily on how many stocks an investor might need to hold in a stock portfolio for adequate diversification. In this part 2, my focus will shift to category selections. Instead of how many stocks to own, this part 2 […]
Nasdaq: Seven Thousand

Nasdaq: Seven Thousand

Facebook’s stock is strengthening after hours. Don’t be fooled, though. Take a look at the chart below. Even with the big bump this afternoon, do you happen to notice a trend? I want you to keep one simple number in mind: 7,000. In my opinion, that’s an important line of resistance for the NQ at this […]
WTI Pops Despite Sixth Weekly Crude Build In A Row

WTI Pops Despite Sixth Weekly Crude Build In A Row

Demand concerns and contagion from equity carnage continue to weigh on WTI (overwhelming fears about supply disruptions in Iran and Venezuela) as it tested a $65 handle again today. API reported a bigger than expected 5.69mm crude build, the sixth weekly rise in inventories in a row, as Gasoline and Distillates drew down. API Crude +5.69mm (+3.2mm […]