U.S. corporate bond issuance continues at a healthy pace, with high-yield in particular on course for growth this year after three consecutive yearly decline. In October, corporate debt issuance totaled $140.9 billion, consisting of $118.2 billion in investment-grade and $22.7 … Continued
Equity bulls often assert that this is the most hated bull market ever. There is some – with emphasis on ‘some’ – truth to that, particularly if we focus on short interest. U.S. stocks reached an important bottom in January/February … Continued
It seems buyback deceleration continued in 2Q17. Based on results from 85 percent of S&P 500 companies, S&P Dow Jones Indices points out that buybacks are on course for a 10.4-percent decline quarter-over-quarter. Buybacks were $133.2 billion in 1Q17. In … Continued
Yet another high on the S&P 500 large cap index – 25th new closing high year-to-date. The index is now $21 trillion rich! To reach that milestone, it rallied 0.5 percent last Friday to 2463.54 before closing at 2459.27 – … Continued
U.S. corporate bond issuance was $106.2 billion in June, comprising $83.1 billion in investment-grade (IG) and $23.1 billion in high-yield (HY). This puts the first-half total at $868.1 billion, of which $714.1 billion is in IG and $154 billion in … Continued
ETF.com carried a story on June 1 stating that U.S.-listed ETFs took in $32.7 billion in inflows in May. Year-to-May, a total of $203.8 billion came in. International equity ETFs made it big, as seven of the top 10 belonged … Continued
Except for the Nasdaq composite, major U.S. indices – the S&P 500 large cap index, Russell 2000 small cap index, Dow Industrials, and the NYSE composite – all had a down March. This did not stop NYSE margin debt from … Continued
Following futures positions of non-commercials are as of December 27, 2016. 10-year note: TLT, the iShares 20+ year Treasury bond ETF, has had a nasty drop since it reached a historic high of $141.91 on July 8 this year. Two … Continued
November NYSE margin debt increased 3.4 percent month-over-month to $500.4 billion. This is the fourth time in the series’ history it has crossed $500 billion. The first one occurred in April 2015 when debt rose to $507.2 billion – a … Continued
NYSE margin debt dropped 3.4 percent month-over-month in October to $484 billion; the S&P 500 fell 1.9 percent in that month. Debt rose 6.3 percent in September to a 15-month high $501.1 billion. Margin debt peaked at $507.2 billion in … Continued