The spread between the junkier junk debt and treasuries broke with the broader junk sector and kept moving higher. Sometimes it’s a fake out and sometimes it’s the canary. Here is that spread, along with SPY inverted.
Junk Debt Spread (by LZ)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Reddit’s Strength
I confess, I’m surprised, but the night is young.
Polestar Drives Off the Road
The entire EV space has been a wreck, but one particularly bad outcome is Polestar, which was a partnership between Volvo and a Chinese manufacturer. The first time I saw one of these cars on the road, it was so ugly that I literally followed it until it parked just so I could read the (way too small) brand name. Anyway, the public has spoken:
Robinhood Strengthens Again
There are enough 19-year-old traders out there to keep this thing growing:
Shift Happens
After my utterly somber post this morning, it was nice to go to Philz to pick up my chai and see this screen, for a change (which is all the futures I follow and all my positions). An all-red screen always cheers me up.
