In this week's episode, KBRA Chief Strategist Van Hesser discusses:
1. Gap’s sensible liability and cash management through the COVID period has put it on a more creditworthy path.
2. A historic percentage of Americans believe the country is in bad shape. How does that square with buoyant financial markets?
3. Fading inflation—this was a good week for those in the transitory camp and that’s good for risk assets.