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Just noticed a filing by CLO owner OFS Credit Company (OCCI) today announcing their sales of common shares through a standing ‘at the market’ share sales program. Of course OFS credit is one of a number of companies dedicated to investing in CLO’s (col…

The S&P500 moved in a range of 3721 to 3881 last week and closed on Friday at 3863 which was down almost 1% from the close the previous Friday. The 10 year treasury closed at 2.93% last week which was off 17 basis points from the close the previous…

UPDATE–I did a little more digging and these preferred shares were downgraded by Fitch on 5/21/2022 to ‘A’ from ‘AA’. I believe they were originally ‘AAA’ Fitch Downgrade is here. Here is an item concerning the Virtus (Allianz) Fund II Convertible and…

Well here we go once again – time for a new monthly release of inflation numbers–markets will likely react very strongly–one way or another. Actually strong reactions already started as investors ‘bailed’ on stocks in the final 2 hours of trading as…

Last week the S&P500 moved higher by about 2% which was a holiday shortened week of trading. Friday saw the release of stronger than expected employment numbers with 372,000 new jobs created in June versus an expectation of 250,000. The unemploymen…

Giant agricultural cooperative CHS (Cenex Harvest States) has reported extremely strong earnings for the quarter and the 9 months ending 5/31/2022. With strong ag markets (including nitrogen fertilizer) as well as strong oil refining the company is hit…

Looking for volatility to come into the market in 20 minutes when the Fed meeting minutes for June are released. Markets are likely looking to see the concern–or lack of concern–on the part of the Fed relative to the softening economy. Are they willi…

Well this is a week with a big economic release so we will probably have more large swings in the equity indexes. Of course if we didn’t see big swings I would be pleasantly pleased. Friday we have the ‘official’ employment report–it is expected 270,0…

It pays to read the comments of all the sections of this website–this is the area that helps folks to find good clues as to an potential investment. Over the last many years as coupons tumbled and ‘spreads’ offered by fixed-to-floating rate preferred’…

There should be little doubt that a recession is either here already, or will be soon. I originally predicted (or should we just go ahead and say ‘guessed’) the 3rd or 4th quarter). As more than one reader has mentioned you just have to watch energy pr…

Well is the bottom in for now? I don’t really know–no one knows, but there is plenty of speculation by the talking heads expecting a 10% bounce in common stocks at this time–of course with the 6.5% bounce last week it may be near over. Last week the…

The final readings on consumer confidence for May were released today by the U of Michigan and the 50 reading was the lowest on record dating back to the mid 1970’s. While the consumer is crumbling under the weight of high energy prices and skyrocketin…