Today, it gives me great pride to introduce you to the newest member of the RWM team, Joel “Joey” Fishman.

My inbox just recieved the below communiqué from BlackRock regarding its iShares iBoxx $ High Yield Corporate Bond ETF, HYG. HYG has become a shorthand of sorts for the vicissitudes of the high yield (or junk) bond market. It’s highly liquid and widely traded, serving as a de facto index barometer for the space. Unlike an…

My colleague Ben shared an interesting take on this past week’s events in the junk bond market that I wanted to pass along. K.C. Nelson, a portfolio manager at Driehaus Capital Management, explains some important aspects of the Third Avenue bond fund situation that haven’t quite made it into the press as yet. Long story…

Alternate title for this post: “Get diversified or die trying” The New York Times wonders aloud how 50 Cent managed to lose 80% of his net worth since the spring of 2014. Curtis James Jackson III, better known as the rapper 50 Cent, was worth $240 million in May 2014 and about $50 million last…

Market volatility Excess risk for high yield bond holders Pockets of illiquidity Poorly financed companies Bad business models Investor panics Stock corrections Fixed income corrections Carl Icahn

there’s nothing intelligent to be said about the future of the price of oil.

Flop around in a flat market long enough and your moving averages begin to lineup pretty perfectly. And then one day you break below them both at once – and lose the same support level you lost to trigger the August correction. I’m using SPY instead of the index here:   The people who need…