In this week's episode, KBRA Chief Strategist Van Hesser discusses:
1. The markets’ obsession with inflation continues unabated. We’ve gathered three distinctly different views from three high-profile sources along with our own and will let you decide where you stand.
2. The NFIB’s Small Business Optimism Index is out for the month of May is out, and the expectations component surprised us.
3. Dust off your LBO models! These credit-impairing transactions are back, with the largest deal announced since the GFC, a $34 bn management buyout for privately held Medline. While LBOs are never good for creditors, event risk just might not be as bad in this cycle. We’ll explain.