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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
Author Archives: Danielle Park
Understanding the A.I trade
Many good observations in this segment. If you have money in the stock market, you should understand what you are betting on. AI-linked stocks account for a record 45% of the S&P 500’s total market capitalization and drive nearly all … Continue reading
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Serious question: What have you learned?
Equity valuations are the most inflated since the infamous bubble tops in 2000 and 1929 before that, and far beyond the 2007 and 2022 cycle tops. This is evident below in one of the most historically insightful valuation metrics, the … Continue reading
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Oz disappoints
Financial conditions tightened significantly in July, raising borrowing costs across the board. Central banks are now stuck between oil-inspired inflation and recklessly leveraged asset markets digesting the highest borrowing costs since 2007. Good overview in the discussion below. DoubleLine CEO-CIO … Continue reading
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