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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
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It’s the economy…
US Consumer sentiment sank about 11% this month, extending a decline that began with the start of the Iran conflict, and is currently about 9% below a year ago. Demographic groups across age, income, and political party all posted setbacks … Continue reading
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Treasuries gain on rising recession odds
Markets are celebrating that the United States and Iran agreed to a two-week ceasefire amid ongoing negotiations. So far, the parties seem worlds apart, especially on issues like Iran continuing its nuclear program. But we all hope for a sane … Continue reading
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We can learn from financial hardship
For more than two decades, I have been warning individuals about the heightened risk and stress associated with high debt levels and financial bubbles. Unfortunately, many older people are financially uninformed and don’t set a good example for younger people. … Continue reading
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