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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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June 17, 2022

Buying Opportunity in Muni Bonds

Friday June 17 2022

Tom McClellan sees corporate bonds oversold

https://www.mcoscillator.com/learning_center/weekly_chart/corporate_bonds_show_oversold_condition_for_t-bonds/

We have been anticipating a buy in muni bonds and it is here now as well as junk bonds, these are trades to hold into an expected bounce into Sept-Pct/

HYT Blackrock High Yield 4 Hour chart

Screen Shot 2022-06-17 at 9.27.35 AM

 

BLE Muni Income Fund

Screen Shot 2022-06-17 at 9.29.45 AM

BLE looks like it is re testing the previous low.

Markets are Closed Monday for National Holiday. My thinking is that markets will be finding a bottom and then beginning an advance over the next week or so.

Posted at 10:31 AM in Bonds |

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