Investment bankers in the US and Europe are bracing for potentially billions of dollars in total losses on big-ticket leveraged buyouts.
With fervor in markets receding, investors will need to critically focus on fundamentals and security selection to ride out the turbulence.
The Federal Reserve’s ability to achieve a soft landing in its fight against inflation is looking increasingly less likely.
Some of the last bulls at the party are finally yielding to the bear market, bailing from stocks at the fastest rate in nearly two years.