Win Smart, CFA Profile picture
Jun 13 โ€ข 22 tweets โ€ข 6 min read
The high yield market is full of garbage zombie credits that are facing crushing margin pressure while debt service sky rockets ๐Ÿš€.
The Fed illegally bought them. No more help now...
$HYG $JNK $BKLN ๐Ÿ›ฉ
HIGH YIELD CREDIT DEFAULT SWAPS Image
HIGH YIELD DEFAULT OUTLOOK (h/t DB) Image
EUROPEAN LEVERAGED LOAN INDEX

I like my $BKLN puts โ˜บ๏ธ Image
The #Fed's monster rate hikes have made floating-rate #buyout loans more of a recession worry than a good hedge - and banks have been left holding the bag. Sales have tumbled despite record discounts >> bloomberg.com/opinion/articlโ€ฆ via @opinion ImageImage
Wall Street Faces Billion-Dollar Losses on Sinking Buyout Debt
$BKLN $HYG $JNK $LQD
bloomberg.com/news/articles/โ€ฆ
EURO CORPORATE OAS ๐Ÿš€ Image
US investment-grade corporate bond spreads have breached a key threshold that analysts and investors say could start to disrupt the flow of credit.
$HYG $JNK $LQD $BKLN
trib.al/8xbclxf
Debt-Market Jitters Come for Leveraged Loans
$BKLN $JNK $HYG wsj.com/articles/debt-โ€ฆ
DISTRESSED DEBT ๐Ÿ‘‡ Image

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More from @WinfieldSmart

Jul 19
CAN FUND MANAGERS GET MORE NEGATIVE?
๐Ÿ˜ฎ๐Ÿ‘‡ Image
Investors slash exposure to risk assets to levels not seen even during the global financial crisis in a sign of full capitulation on โ€œdireโ€ economic outlook, according to a Bank of America survey trib.al/KJqAxUg
Read 4 tweets
Mar 27
U.S. ๐Ÿ‡บ๐Ÿ‡ธ DOLLAR ๐Ÿ’ต
Image
Road map for the U.S.๐Ÿ‡บ๐Ÿ‡ธ
DOLLAR ๐Ÿ’ต

(similar to roman empire courtesy of Bridgewater) Image
Read 7 tweets
Mar 10
โšช๐ŸŸ ๐ŸŸก METALS Image
๐ŸŸ TOP 20 COPPER MINES Image
All the #GOLD ๐ŸŸก
on ๐ŸŒŽ Image
Read 6 tweets
Jul 19, 2020
#GOLD thread ImageImageImageImage
220 YEARS OF DOW/GOLD RATIO Image
๐ŸŸจTHIS IS WHY GOLD COULD GO UP A LOT MORE. OPTION 2 ๐ŸŸจ Image
Read 27 tweets

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