Submitted by Peter Tchir of Academy Securities
'Hey, hey, A, yeah, yahhh... you make me wanna shout!!'
After a tumultuous week, if there was one thing we could do for you, it is put a song in your head that hopefully makes you smile. Seriously, a song featured inAnimal HouseandWedding Crashersshould make you smile, at least for a moment.
This week’s T-Report follows up last weekend’sIs Credit Whispering? Or Shouting?
We examined the risks to credit markets, from several angles, and explored potential vulnerabilities. The main focus was on the risk of potential “contagion” (though we didn’t use the word) of “selling what you can” instead of what you might want to.
On a “housekeeping” note, we often use ETFs in T-Reports. Whether we are just pointing something out, or taking a view, one way or another, it is meant to be a “badge of honor” to the ETFs selected (except single stock leveraged ETFs, but that is another story). We use ETFs when we feel they “represent” a market or a sector well. Especially when there is no “index” that people follow that tracks that sector. ETFs have multiple advantages over obscure indices. Everyone can see them trade in real-time during market hours. You can see their holdings, their volume, their NAV, etc. You can even trade them. Like any other stock, “price charts” don’t do a good job with dividends/total return, but we try to highlight that, when total return is the focus.
We will continue to keep you as informed as possible of our views on the conflict in the Middle East and the market ramifications.
Three Themes Driving Marketsfrom Tuesday.
Tuesday’sIran War UpdateSITREP.
TheSpider Webpodcast from Thursday. We don’t actually call it that, but I think it is “catchy.”
Source: ZeroHedge News
