It is the 13th of December 2017

News

Stocks Up, Bonds Up, Gold Up, & Dollar Down But 'Middle-Class-Miracle' Fades

Odd day. Low volume, small range in stocks. Good macro. Some questions over just how 'miraculous' Trump's tax plan will be for the middle-class... but the day's trend across FX, bond, and commodities was set early on when Asia closed and dollar-sellers, bond-buyers, and precious-metal-purchasers came back to play...

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Stocks Up, Bonds Up, Gold Up, & Dollar Down But 'Middle-Class-Miracle' Fades

Odd day. Low volume, small range in stocks. Good macro. Some questions over just how 'miraculous' Trump's tax plan will be for the middle-class... but the day's trend across FX, bond, and commodities was set early on when Asia closed and dollar-sellers, bond-buyers, and precious-metal-purchasers came back to play...

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Connecticut Capital Hartford Downgraded To Deep Junk, S&P Says "Default Virtual Certainty"

Two months after S&P downgraded the state capital of Connecticut, Hartford, to junk, when it cuts its bond rating from BB+ to BB- citing growing liquidity pressures and weaker market access, the city which has been rumored is preparing to file for bankruptcy protection and which has seen an exodus of corporations and businesses in recent months, just got more bad news when S&P downgraded it by a whopping 4 notches deeper into junk territory, from BB- to CC, stating that "a default, a distressed exchange, or redemption appears to be a virtual certainty."

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Connecticut Capital Hartford Downgraded To Deep Junk, S&P Says "Default Virtual Certainty"

Two months after S&P downgraded the state capital of Connecticut, Hartford, to junk, when it cuts its bond rating from BB+ to BB- citing growing liquidity pressures and weaker market access, the city which has been rumored is preparing to file for bankruptcy protection and which has seen an exodus of corporations and businesses in recent months, just got more bad news when S&P downgraded it by a whopping 4 notches deeper into junk territory, from BB- to CC, stating that "a default, a distressed exchange, or redemption appears to be a virtual certainty."

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