Utilities and staples both beat a flat S&P 500 by more than 7% in a month. In 11 of 15 prior cases an 8%+ drawdown followed within three months. Credit has not confirmed yet.
AI spenders are cutting buybacks and borrowing at record pace. Investment-grade spreads are at their widest since March. Why the marginal buyer of the largest stocks has changed and what credit is saying about the AI build.
How TDAX, the TDAQ LIFT ETF, provides daily leveraged exposure to TappAlpha's Nasdaq-100 daily covered call strategy into a hiking cycle — and what a daily leveraged fund requires of the investor who uses it.
The AI hardware trade in Korea, Taiwan and Japan sold off together last week while India held steady. Why the yen carry trade and back-to-back Fed and Bank of Japan decisions make the coming week the real test.
A start-up says it turned mercury into gold. The claim is unverified, the economics are unpublished, and gold was falling on real yields long before. A look at production, cost, scale and the lab-grown diamond analogy.
Weekly read on the JOJO.Index credit signal: it moved to credit-off as high yield spreads rose 80 bps from their 12-month low.
Long Treasuries rose while stocks fell, credit spreads widened and Brent hit $116.72. The stock-bond correlation turned negative for the first time since July. What the move says about growth, inflation and the next two weeks.
The Fed promised one more hike. Oil, jobs, credit spreads and a sudden bond rally now argue for patience. What the dots, the 2-year yield and breakevens say heading into the Oct. 28 decision.
100 free digital copies of The Price of a Quiet Yen for Lead-Lag Report readers. No review required.
Business loans are growing 10% a year, the fastest since March 2023, while banks have stopped tightening and the Fed raises rates. Two readings of the same number.
The mortgage rate rose 113 basis points in a year and the 10-year yield rose 115, so the gap barely changed. Over the last five weeks, half the jump was spread.
XLK/SPY drops to +1.92 sigma in eleven sessions while JNK/GOVT holds above +1.0 sigma. Eleven comparable credit slips say the level, not the month, is the signal.