Yield Hunting | November 2022 Newsletter And Updated Sheets

Summary

• S&P 500:  Sept -9.2%.  October +8.0%.  Gold down 0.8%.  Bonds up +1.9%.  IG up +2.2%, High yield +1.9%, Munis -0.6%, oil up 4.0%.

• The dollar continues to move higher but the second derivative is slowing perhaps signaling the market sees a peak in rates coming and lower dollar values down the road.

• We are now seeing IG bonds paying nearly 7.0% altho…