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Credit Snapshot: D.R. Horton (DHI)
We summarize the credit fundamentals of D.R Horton.
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Glenn Reynolds, CFA
Footnotes & Flashbacks: Credit Markets 4-28-25
Credit spreads post another contraction week, making progress back to pre-“Liberation Day” levels.
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Glenn Reynolds, CFA
Footnotes & Flashbacks: State of Yields 4-27-25
Yields had a favorable move for duration, but it was a quiet week on tariffs other than Trump and Xi not reading the same fact sheet.
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Glenn Reynolds, CFA
Footnotes & Flashbacks: Asset Returns 4-27-25
A big rally in equities, credit spread contraction, and a minor rally in UST are all part of the recurring volatility theme.
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Glenn Reynolds, CFA
Mini Market Lookback: Earnings Season Painkiller
A good week for returns as 1Q25 earnings show steady fundamentals before “Liberation Day” derailed the world.
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Glenn Reynolds, CFA
Existing Home Sales March 2025: Inventory and Prices Higher, Sales Lower
Back to weak sales volumes on existing home sales with prices and inventory both higher and mortgages stubborn.
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Glenn Reynolds, CFA
Durable Goods March 2025: Boeing Masking Some Mixed Results
Surging Boeing orders in March warped the headline number but core demand lacks momentum.
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Glenn Reynolds, CFA
Equipment Rentals: Pocket of Optimism?
With both United Rentals and Herc Holdings affirming their guidance this week, the resilience of the economy got another vote.
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Glenn Reynolds, CFA
Credit Snapshot: Herc Holdings (HRI)
We summarize the credit fundamentals of Herc Holdings.
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Glenn Reynolds, CFA
New Home Sales March 2025: A Good News Sighting?
The rise in new home sales is constructive with a strong move in the South, but consumer moods and mortgages are still an issue.
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Glenn Reynolds, CFA
Footnotes & Flashbacks: Credit Markets 4-21-25
A strange headline week with a mixed econ data saw spreads rally with earnings underway and investors awaiting tariff color.
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Glenn Reynolds, CFA
Footnotes & Flashbacks: State of Yields 4-20-25
The UST rally and destructive tariff plan will keep tension rising between the curve, inflation worries, cyclical fear, and FOMC policy.
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Glenn Reynolds, CFA
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