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Yesterday we had jobless claims come in higher than anticipated, yet on Wednesday we had the ADP employment number come in much hotter than forecast. Today we need to see employment come in soft–the Fed wants to see employment soften and we need to sta…

Below are press releases from company’s with preferred stock or baby bonds outstanding–or just of general interest. DTE Energy Board of Directors declares quarterly dividend Triumph Financial Announces Completion of Accelerated Share Repurchase Transa…

Bankers are getting hammered once again–PacWest, Zion, Western Alliance and First Horizon (because of a failed merger with TD bank).  If we are going to see another bank failure it is PacWest – this will play out within a week I think.  Personally I ha…

Today I bought shares in the RiverNorth Opportunities Fund 6.00% perpetual preferred. I had this as one of my good until cancelled orders and it executed at what I think was a true bargain ($22.50). I already had a position in this security and this wa…

So we are 15-30 minutes away from the FOMC rate decision announcement. The day has been pretty tame so far–but that will change. We will see the S&P500 shoot straight up (or down) likely followed by a move in the other direction as the algo’s run…

All eyes are on the FOMC for the interest rate decision at 1 p.m.(central) and the consensus is a ¼% rate hike.  More anticipated is the press conference with Jay Powell at 1:30 p.m.- what will he say about the future?  On one hand Powell can…

Below are some press releases from company’s with preferred stock or baby bonds outstanding – or in some cases just of general interest. FTAI Infrastructure Inc. Reports First Quarter 2023 Results, Declares Dividend of $0.03 per Share of Common Stock S…

It is kind of silly to see what is going on in the banking sector – you have got to know that short sellers are planting rumors and reaping the benefits. The more folks talk and digest the rumors the more deposits leave the vulnerable banks. PacWest (P…

The job opening and labor turnover report (JOLTS) is scheduled to be released at 9 a.m. (central) and this is a relatively important report–at least to the extent that the report gives us any insight into future employment.  Like all government re…

Below are some press releases from company’s with preferred stock or baby bonds outstanding – or in some cases just of general interest. Kite Realty Group Trust Reports First Quarter 2023 Operating Results Medallion Financial Corp. Reports 2023 First Q…

All in all equity markets are pretty quiet with the S&P500 up about 1/3rd%. On the other hand the regional and community banker preferred stocks are taking a spanking–in spite of their earnings reports being pretty darned good. I have small positi…

As everyone knows First Republic (FRC) was seized by the FDIC and sold to JPMorgan over the weekend. Common and preferred shares will go to ZERO. If I held preferred shares I would sell them this morning if there is trading available–they will go to Z…