Well.
As of yesterday, the spread between the 2yr and 10yr treasuries was only 56 basis points. A flat yield curve is associated with a recession, and if the Fed raises interest rates in this disinflationary environment, it could result in an inverted yield curve.
But that is almost a third of the 2 years rate. Does absolute difference or percentage difference matter?
Couple weeks ago this was hot on twitter:
[quote=âumcsom, post:163, topic:356, full:trueâ]
But that is almost a third of the 2 years rate. Does absolute difference or percentage difference matter?[/quote]
Itâs the differential, the âspreadâ.
[quote=âStubtify, post:164, topic:356, full:trueâ]
Couple weeks ago this was hot on twitter:
And itâs now even flatter.
Does anyone here hold POT? I have owned it long term. They are going through a tender offer for Canadian residents. I canât really tell what that means for US holders though. Any thoughts?
Whatâs so great about a little cigar company with no revenues, basically no assets, and about $1M in debts it has no hope of paying, that they were up 3000% today? They thinking about buying a couple crypto-mining machines. Market cap went from $30k to over $2M. Not A Bubble â˘.
I might start to accumulate BOA if their earnings begin to look up.
Trying to diversify a little more.
sold IAU @ 12.08
LFIN - Say the magic word âblockchainâ +2000% in two days, $4B valuation, nearly $1B in trading volume today. Definitely donât believe the CEO when he says the recent $5 IPO price was fair. Not A Bubble.
I know itâs a bubble but it can last a long time. It sucks because I donât want to pay a load of $ for a new video card.
PCG looking like a good short
Funny you say that, I just re-bought 250 shares @$42.30. (PCG)
Good buy and good luck for now. Looking like it was a good short at -10% after market yesterday, -15% now.
Thanks. Well see. Iâm technically short and long as I wrote 2 options on the rest of my shares ($52.59) earlier this week. Still bigly red overall after todayâs drop. And Iâm going to miss those dividends, although I think that the suspension is more about image than cash flow problems.
If CA decides their negligence caused those fires, they will have a big big legal bill. They were just fighting as too expensive some safety measures to avoid fires around their power lines a few days before hand too (and won, so wouldnât implement those changes). Not sure why they care about cost - surely that gets billed to the customers anyway. PG&E - âwould you like some more chromium with your fires?â Models of corporate governance.
Exactly why I like them.
I got a few at 42.25 and so far so good.
As an alternative to PCG might I submit SCG. It is still paying divs but even more beaten up. SCG is going through a battle related to their decision to stop funding their Sumner nuclear new build due to cost over runs and a bankruptcy of their contractor. They are being asked to reduce their rates and claw back some of what payers have already paid for the failed nuclear plant.
Also a lot of tax loss selling in the MLPs which could rebound strongly in early 18.
KMI, ETP,BPL, NSH,CNNC, EPD, EEQ,EEP
I even like AIG for a January effect trade. Oh and there are the JCP trusts paying 15% or so and half of par. KTP,PFH.
Everything mentioned are Jan effect tax loss trades including SCG, mentioned in previous post.