Markets have consistantly underestimated the degree of Fed tightening pic.twitter.com/Y0rU81ngIh
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 16, 2018
https://twitter.com/UPFINAcom/status/1063446868309487616
JNK warnings started way back in Nov ‘17 when it fell below its declining 200 day MA. An ugly week after an ugly month, and accelerating.
— Jeffrey Gundlach (@TruthGundlach) November 16, 2018
Crossover Credit Risk
BBB US Corp Debt: $2.5T*
Total US Junk Market: $1.2T*GE’s $120B debt load alone is 10% of the entire high yield corporate bond market.
Via @BearTrapsReport
— Lawrence McDonald (@Convertbond) November 16, 2018
GE was once America’s most valuable company. Today it is fighting junk-bond status.
$GE Just a horrible move made by Andreas Halvorsen's Viking Global by betting big on this dying old company at the wrong time and with wrong amount. It could not be any worse. $GE is #2 holding of Viking Global acquired, representing 8%+ of portfolio as of Q3. pic.twitter.com/z7EIUo7ED0
— HedgeMind (@HedgeMind) November 16, 2018
BofA CIO Michael Hartnett showed the near record 295bps spread betw Libor-Euribor. was last seen 2 times: 1st time in Oct/99, just before the bursting dotcom bubble. The 2nd time in ‘06 – just before housing bubble burst this spread that is the "tell" that a crash is imminent. pic.twitter.com/MUDpOKVBJl
— mcm-ct.com (@mcm_ct) November 16, 2018
Bloomberg: A $1 Trillion Powder Keg Threatens the Corporate Bond Markethttps://t.co/EIzo0if6Pr pic.twitter.com/DYkIG0aIyb
— Frederik Gieschen (@FrederikNeckar) November 16, 2018
https://twitter.com/Hipster_Trader/status/1063482782255628289
https://twitter.com/OccupyWisdom/status/1063618954437033984
wow-> pic.twitter.com/Bkgw2KPoCt
— Alastair (@StockBoardAsset) November 17, 2018