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Fusion Gold Is a Headline Today and a Price Ceiling Someday
A start-up says it turned mercury into gold. The claim is unverified, the economics are unpublished, and gold was falling on real yields long before. A look at production, cost, scale and the lab-grown diamond analogy.
The Credit Signal: Utilities Just Flipped the JOJO.Index to Credit-Off
Weekly read on the JOJO.Index credit signal: it moved to credit-off as high yield spreads rose 80 bps from their 12-month low.
Treasuries Are a Hedge Again. Credit and Oil Explain Why.
Long Treasuries rose while stocks fell, credit spreads widened and Brent hit $116.72. The stock-bond correlation turned negative for the first time since July. What the move says about growth, inflation and the next two weeks.
The Warsh Test, Round Two: Hiking Into a Bond Rally
The Fed promised one more hike. Oil, jobs, credit spreads and a sudden bond rally now argue for patience. What the dots, the 2-year yield and breakevens say heading into the Oct. 28 decision.