We've been buying notes all year. Our 12% notes have been all called. Reinvesting at 11% with barriers down 30%. All on the SPX/RTY/NASD.
Why? I think the market will bounce around for a while so I take some of our equity exposure and buy notes that have 30% less market exposure and give us a market yield.
https://www.wsj.com/personal-finance/when-date-night-gets-between-the-spreadsheets-22902d67
Finding value is always a challenge Equities keep climbing all sorts of negative news both economic and geopolitical. Hard to chase stocks here. Nothing looks cheap. Except Treasuries With 6 m
We've seen a tremendous powerful rally since the lows in October and there are signs this will continue. The VIX, a measure of sentiment is under 13 which is very strong. Traders are short , infla