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Cory’s Chart Corner
Great chart from @crescatkevin on growing delta between CCCs and BBBs. Carry-on as if everything is normal!
The second indicator is widening CCC vs. BBB credit spreads.
Credit markets are generally quicker to pick up on deteriorating corporate cash flows than equity markets. While the S&P 500 Index has been hitting new all-time highs over the past six months, US triple-C credit
Daily Archives: August 7, 2019
Lower interest rates are symptoms, not the cure
The New Zealand central bank slashed its official cash rate by a third today–to one percent–and twice as much as expected. In response, the New Zealand dollar (NZD) slumped nearly a percent and is back under .65 per U$. The … Continue reading
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