Growing Pile of Distressed Debt Signals Coming US Default Wave
A heap of distressed debt is expanding in the US corporate bond market and investors worry that a burst of defaults will follow.
A heap of distressed debt is expanding in the US corporate bond market and investors worry that a burst of defaults will follow.
Portfolio manager Erin Browne, warns that the latest earnings woes from tech giants are a sign of what’s coming next for Wall Street.
“US equity valuations do not yet offer a historically large premium to the real returns on offer from bonds and cash.”
Mnuchin says market watchers are being too alarmist about the threats presented by inflation and the Federal Reserve’s monetary tightening.
A recent Microsoft (MSFT) survey found that employers and workers still disagree over whether remote work boosts or kills productivity.
Sentiment on stocks and global growth among fund managers surveyed by BofA shows full capitulation, opening way to an equities rally in 2023.
Investors are looking beyond a looming global recession and they see one country – and its financial markets – emerging strongest on the other side.