Personal Income increased 0.3% in February; Spending increased 0.8%
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From the BEA: Personal Income and Outlays for February:
*Personal income increased $66.5 billion (0.3 percent at a monthly rate) in
February*, according t...
2022-05-12
Credit Deteriorating, Bulls Taking Hits and Doing Nothing
Apple and Microsoft fell 10 percent the past two days, and still no spike in VIX. Credis spreads are now jumping because high-yield bonds are sliding with stocks and government bonds have started rallying. I like TLT short-term here, but the long-term picture also looks pretty good here. This could be a major low in TLT underway.
Labels:
bad debt,
Charts,
credit,
HYG,
interest rates,
JNK,
TLT,
treasuries
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