7.1.14: Weekly Linkfest

A little late getting out this week… We are going to start off the Linkfest with a corporate credit topic: the continuing erosion of credit covenants, which will have its biggest impact on the high-yield corporate bond market. Here is … Continued

6.27.14: Year-to-date Asset Class Performance

http://www.bespokeinvest.com/thinkbig/2014/6/27/first-half-coming-to-an-end.html Click on the above link from Bespoke and you will see all the various returns by asset class for year-to-date, 2014. It would have been helpful to get the data as of Monday night, but as the old saying … Continued

June 5, 2014: Why Isn’t the Price of Crude Oil Lower ?

http://www.reuters.com/article/2014/03/05/iraq-oil-idUSL6N0M22P120140305 http://fuelfix.com/blog/2014/05/14/expert-white-house-likely-to-lift-oil-export-ban/ Energy is about 10% – 11% of the SP 500 by market cap. The sector p.e is roughly 16(x) forward earnings, with expected growth of 9.7% this year and 6.3% next year. Per Bespoke, about 90% of the … Continued