Stargazer Asset Management Weekly – January 18 2021

This week we look at Fed speeches, the Biden plan, the state of sentiment and valuations in the equity markets and the prospects for inflation.

BY ERIC FILL

SAM Weekly 01182021

Other posts

Thoughts From The Divide: Collateral Damage – May 31 2024 – MI2 Partners

BY JON WEBB

If this week’s title sends a small shiver down your spine, you may be in the Real Estate/lending business. Sadly, there doesn’t appear to be any quick or easy cures, which is perhaps unsurprising as the hits keep coming. Bank OZK is the latest example, getting slammed after a Citi analyst noted “substantial concerns” over the company’s “largest individual loan… and Life Science construction lending in general”. Some might think the residential side is also showing some cracks, with pending home sales slumping to the “lowest level since the start of the pandemic”, and with an increasing number of listings opting to cut prices. The latter metric might itself be muted by the number of listings getting pulled… Cheery stuff! Read more →

Thoughts From The Divide: The Right Time to Strike

BY JON WEBB

The saying is that one should wait until you see the whites of the enemy’s eyes before firing, but are there times when it’s worth waiting until you feel their breath? Case in point, the “whites” (losses) are certainly visible now in real estate debt, as we’ve highlighted in these pages, with the obvious consequences for owners of real estate debt. The latest data from the FDIC served to further highlight the obvious, warning that there are “63 ‘problem banks’ and $517 billion in unrealized losses” courtesy of higher rates hurting bank holdings of fixed income. Read more →

Is The Market Facing A Flashing Yellow or Red Light?

BY TEMATICA

Market Wrap Despite what can be described as an Oprah Winfrey-level amount of tariff… Read more →

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