Loans to companies with low credit ratings swelled by 15% last year to $1.3 trillion, prompting warnings from the Federal Reserve and International Monetary Fund. Yet Wall Street firms that are deeply immersed in the market, from banks including JPMorgan Chase to private-equity firms like Blackstone, say they don't see what the problem is.
If one is betting on a sustained surge from Citi, bigger banks could be bullish bets.
Municipal debt closed-end funds managed to eke out gains in an otherwise horrible month for investors.
President Donald Trump's $1.5 trillion of tax cuts, designed to stimulate growth, have decimated government revenue, ballooning the federal budget deficit and forcing Treasury Department officials to cover the gap by borrowing money in ever-growing amounts. Investors face losses in 2019 as yields on Treasury bonds necessarily rise -- to attract enough buyers for the debt.
The evidence that inflation Is slowing Is mostly circumstantial.
Rob Isbitts, chief investment officer of Sungarden Fund Management, says the investing climate is "stormy," and investors still need to moderate their return expectations from stocks.
Hearing from your fund manager during turbulent times is critical to investors. And the managers of closed-end funds try to do just that. Watch now.
Data has been decent, but is showing signs of softness as the demand collapse in the rest of the world feeds into U.S. data.