It holds just $331 million of junk-bond ETF HYG, among just $12 billion in total corporate bonds and ETFs. But the Fed’s jawboning about breath-takingly huge purchases was enough to drive the bond market, including the junk-bond market, into foaming-at-the-mouth exuberance. Here are the details.
Published by Wolf Street at August 11, 2020 12:17 pm.Wolf Street →
Source: JP Morgan Asset Management The above is one of my favorite charts. This version comes from a JPM discussion on “Framing Bias.” It raises interesting issues about how decisions are influenced by the way information is presented: “What level of returns should we expect from equity markets? The answer changes depending on the… Read More __ The post Framing Your Investments for Context & Clarity appeared first on The Big Picture.
Published by The Big Picture at August 11, 2020 7:00 am.The Big Picture →
The potassium content in greens is one of two ways they can improve artery function within minutes of consumption. More than a thousand years ago, ...
Published by NutritionFacts.org at August 11, 2020 7:00 am.NutritionFacts.org →
My Two-for-Tuesday morning train WFH reads: • In a bleak economy, these companies are flourishing: The coronavirus pandemic is reshaping spending patterns, creating new winners and losers (Washington Post) see also Unemployment Fell. But The Recovery Seems To Be Slowing Down. After three straight months of declining unemployment, we have only just returned to levels… Read More __ The post 10 Tuesday AM Reads appeared first on The Big Picture.
Published by The Big Picture at August 11, 2020 5:30 am.The Big Picture →
Latest Changes: SMA: 1 new death; 10 new cases, 102 active confirmed cases. GTO: 18 new deaths, 323 new cases. MEX: 705 new deaths. SMA: 19 deaths, 294 confirmed, 22 suspected, 173 recovered. SMA: 18 deaths, 284 confirmed, 36 suspected, 166 recovered (yesterday). 102 active confirmed cases. It...
Published by San Miguel FAQ at August 11, 2020 4:03 am.San Miguel FAQ →
But another $25-billion taxpayer bailout is tucked into the stimulus package. The stock market loves bailouts and hates the effects of capitalism.
Published by Wolf Street at August 10, 2020 9:19 pm.Wolf Street →
News of this nature never comes at a good time. The first message I opened this morning was from my friend, Roxane David, in Villa Obregón. The message was brief and to the point. Her husband, Ed Gilliam, died around midnight today of a heart attack. No life can be easily summarized in an essay. And it is even more difficult when larger-than-life personalities enter and exit our lives. Most of us knew Ed from his art. His love was abstract expressionism, a passion he acquired while studying art at Berkeley. Art formed the core of my relationship with him. But it was not how we met. A couple of years after I moved to Mexico, I heard about a project that caught my interest. Our area of Mexico is surrounded by farms. During the planting and harvesting seasons, migrant workers from southern Mexico come to the area with their families to work in the fields. They are primarily Mixteco. My doctor at the time was instrumental in setting up a compound that provided
Published by mexpatriate at August 10, 2020 7:38 pm.mexpatriate →
IAG, owner of British Airways and of Spain's top two airlines, seeks bailout from Spain to buy Spain's #3 airline for a near-monopoly in Spain. The family that owns the airline seeks that bailout too.
Published by Wolf Street at August 10, 2020 6:42 pm.Wolf Street →