The Markit website gives current prices on CRE. A CMBX price chart shown here for AA.3 is representative of a broad range of pools of different quality. Clicking on the chart will enlarge it.
Consistent with price and trend charts of Big Finance stocks, there was a surge off the bottom of a year ago, but poor price performance recently and from the peak about a year ago.
What values are "in" the stock market is of limited concern to me. The bigger issue is that demand is obviously very weak.
Nothing is ever clear, but given the rapid decline in such measures as ECRI's weekly leading indicator growth rate, the
continued poor velocity of money, it continues to strike EBR that too much of the positive economic statistics that show recovery from the worst of the depression is due only to Fed money/credit creation.
Thus the major trend remains with gold, in my humble opinion. That's the opposite of the 1980s and 1990s, when growth at least appeared to be more organic, with the kicker that declining interest rates goosed stock prices.
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