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Quote of the Day

"Whether it be the vestigial assets of a fictitious nation called Poyais that was already outed as a scam, or the shares of a company that just declared bankruptcy, financial history is riddled with ‘rubbish rallies’ that make absolutely no sense on paper."

(Jamie Catherwood)

Chart of the Day

“Corporate bond investors today are left with the prospect of little reward (2.35% yield) and higher risk (potential for rising rates/credit spreads).”