Guy Adami and I are back with our weekly video podcast series The Macro Setup brought to you by our presenting sponsor IG US, one of North America’s fastest-growing foreign exchange brokers. See the charts referenced in the video below.
Guest: Christopher Vecchio, DailyFX Senior Currency Strategist
Wet Hot American Summer
Is it really the fear of inflation?
Fools Rush In?
Peter Boockvar has something to say about this in his Boock Report:
The other area of the market that is crucial to watch from here in terms of gauging the appetite for things that are expensive is the CCC area of the junk bond market. It should no longer be considered ‘high yield.’ Yesterday’s yield to worst close for the Barclays CCC index broke to a new low of just 5.66%. This is the worst quality paper of that universe of companies still alive and that yield compares to a 20 year average of 12% which covers three expansions and three recessions, two of which were burst bubbles.CCC Yield to Worst
Nasdaq Comp 1yr
Russell 2000 1yr
Crude Oil 1yr