150 million US adults will “participate in Halloween-related activities,” according to a survey. 53% will decorate their homes and 18% will “dress up their pet.”  

We tried to imagine getting our cat Serena into a pumpkin costume. Not happening. But we are encouraged Americans are spending for the second-costliest holiday of the year.  

Putting cash to work is also much on the minds of private credit investors. With 60 shopping days left in the year, appetite for yield remains keen.  

Some worry that market conditions will get frothy again. But the data doesn’t support that...