Dividend-News

Daily dividend news for investors in dividend stocks


New High For High Yield Debt

Published Wed, 01 Aug 2018 04:30:07 -0400 on Seeking Alpha

As we've seen some of the highest-flying stocks in the market pullback in the last couple of days, we haven't seen much of an uptick in other market measures of risk. Since last Wednesday's close (which was the day Facebook (Nasdaq: FB) reported), the VIX has only risen one point, from 12.29 to 13.29. That hardly signals a white-knuckle feeling on the part of investors. Similarly, the high yield market has seen virtually no reaction. Since last Wednesday, high yield spreads have actually declined slightly. Granted, most of these stocks getting hit so hard have no debt, so they don't have much of a direct impact on the debt markets, but if investors are becoming more risk-averse by lightening up on high-fliers, one would think that there would at least be some sort of indirect impact.
Not only has high yield been relatively unscathed, but the sector has made a new high on a total return basis over the last few days, and that's something we haven't been able to say since 1/26, which was also the last time the S&P 500 closed at a new high. High yield debt is just one of many internal indicators we track to gauge the underlying trend and health of the market.

... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CORNERSTONE TOTAL RETURN FUND 10.97   0.0 0.00 2.80 23.26
ZWEIG FUND 10.20   0.0 0.00 1.81 14.26
LIBERTY ALL STAR EQUITY FUND 6.16   0.0 0.00 0.65 10.48
SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST 256.12   0.0 0.00 5.37 2.08
SPDR S&P 500 ETF 282.78   0.0 0.00 5.24 1.83
PROSHARES ULTRASHORT S&P 500 33.44   0.0 0.00 0.00 1.07
POWERSHARES QQQ TRUST SERIES 1 178.16   0.0 0.00 1.45 0.80

CORNERSTONE TOTAL RETURN FUND - CRF
CORNERSTONE TOTAL RETURN FUND - CRF  


Older articles featuring Cornerstone Total Return Fund (CRF):
Equity CEFs: Where's The Beef In The Delaware Dividend & Income Fund?
Of Slopes And Flops: The Yield Curve Inversion
When A Yield Curve Inversion Means Recession
Ignore The Yield Curve, They Said...
Is The U.S. Yield Curve Signaling A U.S. Recession?
Short And Sharp: Yield Curve Inversion - A False Positive?
Weekly Edge: Yield Curve Sends Mixed Signals
Why An Inverted Yield Curve Is Important
Blue, Red And Grey: Yield Curve Inversions
Market Update: Sovereign Debt And The Yield Curve

More