01-SEP-10United States
High Yield EDF Metric and VIX Index Weigh Against Major Thinning of Credit Spreads … Stocks Are Cheap Vis-à-vis Profits and Baa Bond Yield
If uncertainties are sufficiently diminished, the market value of US common stock could rally by 10% to 20% by year’s end.

01-SEP-10United States
Bernanke’s Portfolio Imbalance Channel Sets Up IG Issuance Flood
A 44 year low industrial company yield may fuel a burst of issuance, as Fed policy drives investors away from Treasury and Agency debt and into corporates.

01-SEP-10United States
In August, Manufacturing Employment Index Sets 27-Year High, but ADP Offers More Somber View of August Payrolls
The ISM’s upbeat reading on August manufacturing was countered by the more ominous message supplied by the unweighted average of August’s regional indices of manufacturing as complied by five Fed District Banks.