JNK News and Press, SPDR Bloomberg Barclays High Yield Bond From 06/19/23

2023-06-19 09:10:00 ET Summary A broad measure of commodities led returns for the major asset classes last week, based on a set of ETFs through the close of June 16. US stocks have taken the lead for the one-year change after last week’s rally. Most of the major asset c...

2023-06-19 07:05:00 ET Summary Last week, the Fed announced that it was not going to raise interest rates. The media and pundits proclaimed that this would send a false signal of a new bull market. We saw a substantial increase in trading volume compared to the rather low transact...

2023-06-14 22:33:52 ET Summary SPDR Bloomberg High Yield Bond ETF offers exposure to non-investment grade corporate bonds. The junk bond spread over treasury bonds is currently too low to justify the risk. I rate JNK a Sell, as the coming recession will likely cause more defau...

2023-06-14 12:54:05 ET Ken Griffin, whose Citadel hedge fund generated a record $16B for investors last year, is boosting credit trading in anticipation of a U.S. recession, according to a media report. He expects the world's largest economy to slip into a recession next year, and w...

2023-06-07 16:00:52 ET Summary Junk bonds face significant risks from both potential economic scenarios: high inflation and rate hikes, or an earnings recession. Inflation is likely to remain high, leading to further rate hikes by the Fed, which will negatively impact junk bonds. ...

2023-06-07 06:20:00 ET Summary The yield of the U.S. high yield market, as measured by the ICE BofA U.S. High Yield Index, has been in the 8-9% range for much of the last year, and was close to 9% as of May 31, 2023. A number of sophisticated investors understand that the potentia...

2023-06-05 13:00:00 ET Summary Nearly all major asset classes experienced gains in the week through June 2, except for commodities, which saw a fractional decline. Vanguard Real Estate Index Fund rose 3.4% last week, marking its first weekly increase in over a month. Most of t...

2023-06-05 06:30:00 ET Summary Nvidia increased their revenue guidance for the July ’23 quarter. Data center revenue and EPS guidance for the fiscal Q2 for NVDA saw sell-side analysts boost the fiscal ’24 EPS estimate by 69% and the revenue estimate by 41%. High-grad...

2023-06-04 03:15:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2023-06-02 21:30:00 ET Summary Cooler heads prevail over debt ceiling but are there broader implications? Recession vs resilience: Finding opportunities in a cautious market. Why fixed income still may provide opportunities for investors. The bill to rais...