By Mish Shedlock
Volatility has returned, at least in the junk bond market. JNK, the Barclays High Yield Bond ETF, and HYG, the iShares High Yield Bond ETF, both had the steepest decline in three months. Is this another buy the dip opportunity, or is risk avoidance about to take hold?
Cracks Widen
Reuters reports U.S.Junk Bond Sector Ends Rough Week On Calmer Note.
Authored by Sven Henrich via NorthmanTrader.com,
Many of you know I keep posting charts keeping taps on the macro picture in the Macro Corner.
It’s actually an interesting exercise watching what they do versus what they say. Public narratives versus reality on the ground.
I know there’s a lot of talk of global synchronized expansion. I call synchronized bullshit.
Elon Musk has a problem... well a few problems, actually.
Production on its messianic Model 3 is worse than terrible...
Electrek.com reports that as Tesla CEO Elon Musk made clear during the company’s conference call with financial analysts last week, Model 3 production is still very much in “production hell” – so much so that Musk refused to confirm how many Model 3 vehicles they produced in October.
He said that “people would just read too much into it.”
It looks like Ethereum’s developers and entrepreneurs have finally recognized the perils of being associated with the massively fraudulent ICO market.
Authored by Wolf Richter via WolfStreet.com,
Banks have started to tighten lending standards for prime and subprime borrowers, and it shows...