Radio Rallies & Reversals
North American stock indexes have been mostly in the red today, thanks to the ADP employment report out of the US this morning, which showed a drop in jobs for the month of September. The market will now be looking forward towards the government employment report in both Canada and the US on Friday.
Interesting piece of news from Credit Suisse this morning. Looking at the options market, demand for call options would suggest a surge in bullish sentiment for US financial, particularly large cap banks, while a drop in downside protection would suggest the same for the healthcare sector.
Finally, according to the Economist magazine, the issuance of high yield bonds has been on the rebound this past year in response to low rates. Spreads over governments have come way in since the peak during the credit crises, but both issuance and spreads are still well of the highs and lows, respectively, of early 2007.
GB
Interesting piece of news from Credit Suisse this morning. Looking at the options market, demand for call options would suggest a surge in bullish sentiment for US financial, particularly large cap banks, while a drop in downside protection would suggest the same for the healthcare sector.
Finally, according to the Economist magazine, the issuance of high yield bonds has been on the rebound this past year in response to low rates. Spreads over governments have come way in since the peak during the credit crises, but both issuance and spreads are still well of the highs and lows, respectively, of early 2007.
GB
posted by Gordon Bell at
11:14 AM
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