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Markets 'Bounce' As Oil Margin-Call-Plunge Sparks Buying-Panic In Energy Stocks

Initial and continuing claims surge dramatically and Crude slammed to 12-year lows inflation-adjusted, so energy stocks rip and lift stocks magically...

h/t @NorthmanTrader

 

Energy stocks love new multi-year lows in oil...

Longer term...

 

And led the entire market higher today... but a late-day collapse in crude  (which looked like forced liquidation) spoiled the party

 

The Next Leg Of The Junk Bond Crisis: Third Avenue "Focused Credit Fund" Liquidates, Gates Redemptions

Moments ago, we learned courtesy of the head of Mutual Fund Research at Morningstar, Russ Kinnel, that the next leg of the junk bond crisis has officially arrived, after Third Avenue announced it has blocked investor redemptions from its high yield-heavy Focused Credit Fund, which according to the company has entered a "Plan of Liquidation" effective December 9.

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