Gone Global

Gone Global

  We’ve talked some this year about the U.S. yield curve and how its inversion is signaling that a recession could be right around the corner. But it’s not just a U.S. problem. Global bonds joined the party this week. The chart above shows that the average yield...
Covering the Spread

Covering the Spread

  The idea behind this week’s indicator is that corporate bond spreads can be used to anticipate changes in stock market earnings. This is because, historically, widening spreads are associated with economic weakness and poor earnings growth rates, while...
Mixed Sentiment

Mixed Sentiment

OVERVIEW   The U.S. stock market had a down week, with the S&P 500 Index falling 0.69%, the Nasdaq Composite dropping 1.57%, and the Dow Jones Industrial Average down just 0.01%. Foreign stocks, on the other hand, were up for the week. The MSCI EAFE Index of...