In this week's episode, KBRA Chief Strategist Van Hesser discusses:
1. Navigating uncharted economic waters requires data, but the data is noisy. Don’t lose sight of what’s happening with consumer confidence—it’s been fairly insightful in framing out the economic recovery.
2. The technology sector gets nicked by creditors from a business risk standpoint. Big tech needs to be reclassified. We’ll explain.
3. The NAIC’s adoption of private rating letter rationale reports is a sensible outcome without hindering the U.S. private placement market.