Markets have consistantly underestimated the degree of Fed tightening pic.twitter.com/Y0rU81ngIh
— ℭhi 🛢️ (@chigrl) November 16, 2018
Home purchase applications in November 2018 are at the lowest level since February 2017. Refinancing applications are the lowest since December 2000 as 30 year fixed mortgage rates are at 5.17%, which is the highest since 2010. https://t.co/X9gpxUPITG pic.twitter.com/mxi7liweTs
— UPFINA (@UPFINAcom) November 16, 2018
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
— NeckarCap (@NeckarValue) November 16, 2018
If you told family members to buy the following on Thanksgiving last year, here’s their returns since:
FB: -24%
AMZN: 36%
NFLX: 44%
GOOGL: 1%
SNAP: -50%
AAPL: 10%
NVDA: -24%
Bitcoin: -33%— Hipster (@Hipster_Trader) November 16, 2018
Right in time for the prime rate to break 6%, mortgage rates to break 5.5% and credit card rates to the moon. https://t.co/bsVKXJPF34
— OW (@OccupyWisdom) November 17, 2018
wow-> pic.twitter.com/Bkgw2KPoCt
— Alastair Williamson (@StockBoardAsset) November 17, 2018