Watchlist

Watchlist
Ares Dynamic Credit Allocation Fund... (ARDC)
Ares Dynamic Credit Allocation Fund... (ARDC)
US High-Yield Market Outlook: Week Ending December 8, 2017
From this week and on, we at Lighthouse Research will publish weekly survey on US High-Yield market (primarily represented by HYG ). We hope that this will help investors to be in touch with the markets as well as find new ideas in Fixed Income investing. The outlook is based in BOFA 1,870 …
Monday Morning Bond Market Round-Up
The short-end of the corporate market has risen from 1.91% at the beginning of September to 2.34%. That's a pretty sharp move for shorter-dated debt. The 3-5 year section of the corporate market has risen from 2.36%-2.76%. But current levels are still below previous interest rate highs. Th…
Are Fixed Income Markets Overvalued?
By John Pattullo & Nicholas Ware A comment we regularly hear from our clients, whether in individual meetings or at investor events, is that "bonds are expensive." This, of course, is a fair point but is at odds with our current thinking. The reality is that in today's world, there are…
November Summary: U.S. Stocks Outperforming
Weekly Notes With Tiho - Issue 20 Location: Saigon, Vietnam I am so glad I escaped the cold European months towards South East Asia, with today's temperature at 32 degrees Celsius. In general, November has been an interesting month for investors - in particular for the US equity bulls. C…
An Update On Polly: She May Be Coming Back To Life
By Pater Tenebrarum A Twitch of a Toe In our recent update on credit spreads , we proposed to use the seemingly deceased Monty Python parrot Polly as a stand-in for the suspicion of creditors in today's markets. The question was whether Polly was indeed dead or merely in a deep co…
Beware Of Turning Stocks Into Bonds
Income seekers have turned to credit, as well as to equity strategies with similar risks. Jeff Rosenberg discusses the potential consequences. The search for yield has driven many income investors into unfamiliar territory. Low yields on perceived safe assets have led many to embrace more …
The Roots Of Coincidence
"Coincidence is God's way of remaining anonymous." - Albert Einstein Watching the unabated inflows into Investment Grade funds, the 44th in a row, with pundits reaching for quality yield other quantity (High Yield), hence our "Great Rotation" narrative, when it came to selecting …
Credit Market Round Up
From October 23 to November 15, the CCC yields widened out nearly 100 basis points, rising from 10.19% to 11.09%. The BBBs also increased, but not by the same magnitude. They rose 11 basis points between October 23 and mid-November. The Baas saw no increase, meaning the problems in the jun…
The Weak Dollar And Foreign Closed-End Funds: CEF Weekly Update
Last week I wrote that the return of the greenback is not quite upon us. I was right: The CEF Insider Foreign Sub-index has not fully priced the dollars redoubled decline, resulting in a wonderful buying opportunity for this class of funds: Yet, in…
Introducing The Chemist's 'High-High-Low' CEF Report - October 2017
Author's note: The Chemist's "High-High-Low" CEF Report is normally exclusive to members of the Cambridge Income Laboratory , but is released to the public as part of my 5,000 followers celebration . Last month, we introduced the Chemist's Quality CEF Report focusing on closed-end fund…
Ares Dynamic Credit Allocation Fund... (ARDC)
Ares Dynamic Credit Allocation Fund... (ARDC)