U.S. Corporate CCC-Rated Bonds Diverge During Trade War

U.S. Corporate CCC-Rated Bonds Diverge During Trade War As the chart suggests, CCC-rated bonds are not the canary in the coal mine. The divergence in option-adjusted spreads between CCCs and higher-rated issues reflects the impact of the US-China trade war. Image: Arbor Research & Trading LLC

Trade War – S&P 500 Peaks and U.S. Trade Policy

Trade War – S&P 500 Peaks and U.S. Trade Policy What is the likelihood of a trade deal between the U.S. and China? Past market peaks have been followed by major trade escalations. Image: Deutsche Bank Asset Allocation

Broad Trade-Weighted U.S. Dollar Forecast

Broad Trade-Weighted U.S. Dollar Forecast Chart suggesting that the U.S. dollar is expected to weaken in 2020, as global economic activity improves. Image: Goldman Sachs Global Investment Research

U.S. vs. China Trade Balance and Treasury Holdings

U.S. vs. China Trade Balance and Treasury Holdings China’s Treasuries holdings drop, while the U.S.-China trade balance shrinks very slightly amid the trade war. Image: BofA Merrill Lynch Global Research

U.S. Trade Deficit to GDP

U.S. Trade Deficit to GDP The chart shows that the U.S. trade deficit as percentage of gross domestic product is still huge, despite the US-China trade war. Image: BofA Merrill Lynch Global Research