The above graph from the St. Louis Fed’s database shows the option-adjusted-spread (OAS) on the investment-grade or high-grade corporate bond…
Still a secular bull equity market: 2000 through 2002 was a pretty painful bear market for the SP 500, and…
(Work is being done to update this blog so if it looks unusual or if there are problems publishing or…
First, a quick note of thanks to Jeff Miller, on his two articles on caution warranted on interpreting the nonfarm…
The name of the bond market game since Covid-19 hit, if it can be summarized in one sentence, is that…