Chasing the Yield
Investing for income through dividends and distributions
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The Yield – Week ending June 25, 2021
Microsoft unveils Windows 11, consumers spending flat but shifting sectors, Whitehouse reaches deal on spending?, short sellers avoid financial stocks, and more
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Consumers shift spending to services from big ticket items
Pent up demand for dining out and other entertainment services shifted money away from big ticket items that were popular during the height of the pandemic. Spending was flat over all but money shifted from one thing to another as people started emerging from their homes. Spending was flat last month as consumers cut back…
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Whitehouse & Senators reach agreement on $1 trillion in new spending
$1 trillion is a lot of money. It’s better than the $4 trillion originally talked about but so much new spending seems troublesome for the future. Hopefully I’m wrong! President Biden and a group of centrist senators agreed to a roughly $1 trillion infrastructure plan, securing a long-sought bipartisan deal on overhauling the nation’s transportation, water and…
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Short sellers are staying away from financial stocks
How long can we expect financial sector stocks to continue to climb? Short-sellers held just 1.57% of financial sector stocks at the end of May, the lowest percentage of any of the S&P 500’s 11 groups, according to an analysis by S&P Global Market Intelligence. That compares to an average of 2.21% of shares in…
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High risk muni bonds hit decade low
Everyone is Chasing the Yield. Investors are hitting up higher risk municipal bonds which are now 13% of the market versus 10% last year. Investors have piled into muni bonds, sending yields to historically low levels. The yield on the Bloomberg Barclays Municipal Bond High Yield Index, which tracks riskier muni borrowers, fell to 3.11%…
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Caterpillar will produce zero emission mining equipment for graphite mine in Quebec, Canada
Nouveau Monde Graphite Inc. and Caterpillar Inc. are pleased to announce that they have signed an agreement where Caterpillar will develop, test and produce zero-emission machines for the Mouveau Monde’s graphite mine with a view to becoming the exclusive supplier of an all-electric mining fleet for deployment at the mine by 2028. As a World First,…