Published Sat, 06 Oct 2018 10:30:29 -0400 on Seeking Alpha
By Stephen Innes
What a barn burner of a week!! Fixed income took centre stage, but the lingering odour from risk aversion and choppy intraday moves will continue to challenge traders at every twist and turn.
With US yields remaining at multi-year highs and breakneck price action triggering a massive uptick in volatility, what possibly could go wrong?!!
Let's look at some dynamics in play next week, as traders will be tasked to decide if these moves can be sustained.
Asian Markets China returns from Golden Week, and it will be exciting to see how they review this week's market evolutions and dynamics on Monday. Bearing in mind that short sellers were reloading on the HSI as bears have returned en masse to target Hong Kong's equities after being bushwhacked in a painful short squeeze last month. Traders are sensitive to relatively minor adjustments in the short-term economic data - last week's drop was in part due to the weaker China PMI release, negative impact of Typhoon Mongkut, while a pale came over Friday's markets as a China-related headline overload spooked investors with "Spy-Chip" and US electoral process tampering all over the news.
It's important to keep a broad view in mind while cementing overall opinions. The US administration is loaded with policy hawks, and if there is concrete evidence China is meddling in the US midterms through a campaign of disinformation, spies, tariffs or bullying measures, it will trigger a... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|CORNERSTONE TOTAL RETURN FUND||12.03||0.0||0.00||0.00||19.80|
|LIBERTY ALL STAR EQUITY FUND||6.04||0.0||0.00||0.00||9.97|
|SPDR S&P 500 ETF||274.38||0.0||0.00||0.00||2.09|
|PROSHARES ULTRASHORT S&P 500||35.61||0.0||0.00||0.00||1.99|
|POWERSHARES QQQ TRUST SERIES 1||171.94||0.0||0.00||1.68||0.98|
|SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST||255.16||0.0||0.00||0.00||0.82|
Older articles featuring Cornerstone Total Return Fund (CRF):The Modified Yield Curve And Growth Prospects Through 2019
Weekly Closed-End Fund Roundup: JQC Boosts Yield To 16%
January Yield Curve Update: Inching Closer
The Inverting Treasury Yield Curve And The S&P 500
The Yield Curve Is Not Forecasting A Recession
Gundlach: U.S. High Yield Spread Heading Into Recession
Dividends By The Numbers For September 2018 And 2018-Q3
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Virtus Total Return Has A 13% Distribution Yield But Trades At A 6% Discount
Inverted U.S. Yield Curve? Recession? Not So Fast