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Cory’s Chart Corner
Great chart from @crescatkevin on growing delta between CCCs and BBBs. Carry-on as if everything is normal!
The second indicator is widening CCC vs. BBB credit spreads.
Credit markets are generally quicker to pick up on deteriorating corporate cash flows than equity markets. While the S&P 500 Index has been hitting new all-time highs over the past six months, US triple-C credit
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Treasury yields take the wheel
Market interest rates have been climbing as the Middle East conflict puts upward pressure on oil prices and inflation expectations. The US Bureau of Labour Statistics reports that consumer prices rose 3.8% in April, accelerating from the 3.3% pace in … Continue reading
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About That: Does Canada have a personal bankruptcy problem?
In the first three months of the year, Canadian consumer insolvencies shot up to levels seen during the 2009 recession. Andrew Chang puts this data into perspective and examines what may be driving the trend. Here is a direct video … Continue reading
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Managing to thrive in a short-term world
The US (in light blue below, courtesy of The Daily Shot) is at the high end (see diamond) of its 20-year forward price-to-earnings (PE) multiple, but it is not the only highly valued market today. New Zealand is the most … Continue reading
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