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Well it looks like we are going to see a soft start to the week with the S&P500 futures now off .75%. Last week the S&P500 traded in a range of 4268 to 4513 before closing on a ugly note on Friday at 4271 which is 2.7% below the close the previ…

What an ugly day this has been in the stock market–while I hold no common stocks I keep a close eye on what is occurring there. Down all day and each time there is a little bounce the sellers come in–maybe investors are finally believing that a reces…

Saratoga Investment Corp (SAR) has priced their previously announced baby bond. The issue prices at 6.00% and is rated BBB+ by Egan Jones. An optional early redemption is available to the company starting in 2024 with maturity set for 4/30/2027. The co…

Business development company (BDC) Saratoga Investment (SAR) will be selling a new issue of baby bonds. These notes are likely to have a shorter maturity date–5-10 years. The company has a 7.25% note issue (SAK) which is currently trading at $25.42 an…

Well once again we will probably see some excitement after a long holiday weekend–I can’t envision a week without plenty of movement in both stocks and bonds. The S&P500 fell by just over 2% last week as we got inflation numbers that were plenty h…

CEF Rivernorth Opportunities Fund (RIV) has priced their previously announced perpetual preferred stock. The issue prices at 6.00% and is rated A1 by Moodys–investment grade. The issue is cumulative and perpetual. This is a solid coupon on an A1 offer…

Well it is about 90 minutes to the release of the latest consumer price index (CPI) and while we all know that the number will be plenty ‘hot’ I am hoping that it will be either at expectations. After the shellacking that income issues took yesterday a…

Here we go–another week which will be full of ups and downs in equities and interest rates. On Tuesday the consumer price index (CPI) will be released and the forecast is an increase of 8.4% year over year. Also we have at least 5 speeches from FED fo…

Giant agriculture cooperative CHS Inc. announced earnings today. Earnings were way above last years quarter with net income of $219 million compared to last years quarter of a $38 million dollar loss. Finally (after years of marginal earnings in a busi…

The Federal Reserve should have started raising rates a year or two ago–we all knew it–but they insisted on waiting until last month to do the deed. Now they are raising rates and even the most dovish of them is advocating for strong rate increases a…

Closed end fund Rivernorth Opportunities Fund (RIV) has announced a new issue of preferred stock. The issue will be perpetual and cumulative. These new shares are rated A1 by Moody’s so of course we are looking at a relatively modest coupon. The compan…

Here we go again. A changing war scene in Ukraine as well as any number of minor economic stats to be released–although FOMC minutes will be released on Wednesday which could be market moving. Also we have bunches of Fed Presidents shooting their mout…