Van Hesser's 3 Things in Credit - A KBRA Podcast

This week, our 3 Things are:

1.   Robust earnings growth forecast. Does that make sense?

2.  CFO sentiment. We get conflicting views from two surveys.

3. Trade shock. Keep an eye on the Longshoremen.

This week, our 3 Things are:

1.   Fed’s Big Move. A half point breaks convention. Is it necessary? 

2.   Credit exuberance. Is relative value still strong? 

3.   Post-cut expectations. What does history tell us? 

This week, our 3 Things are:

1.    Bank warnings. You’ll want to be aware of what Ally Financial is experiencing.

2.    Small business struggles. Signals are not reassuring from the sector that accounts for 40% of GDP.

3.    Post-inflation risks. It’s time to move your central bank obsession to the back burner.    

This week, our 3 Things are:

1.   Savings rate. It’s either a sign of exuberance or something else.

2.   2025 earnings. Do the forecasts square up with the macro view?

3.   Beige Book blues. Slowing is now consensus.   

This week, our 3 Things are:

1.   Debt buildup. Keep an eye on the public sector.

2.   Travel blues. An upcoming grounding.

3.   Jackson Hole. A lot of topics, one course of action.

This week, our 3 Things are:

1.   Behavioral drag. Risk appetite changes as growth slows.

2.   Growth fuel. You’ll miss these things when they’re gone.

3.   Walmart’s significance. Macro signals from a bellwether.

This week, our 3 Things are:

1.   Spread compression. Does this make sense heading into slowdown?

2.   Abundant liquidity. One asset manager says credit is overbought as a result. We’ll explore.

3.   Texas downdraft. This caught us by surprise.

This week, our 3 Things are:

1.   Rate cuts. Here are some grounding points around this upcoming paradigm shift.

2.   Where is the slowdown? Q2 GDP blows away the consensus. Does that change things?

3.   Consumer loan deterioration in a low unemployment environment. This cycle is different.

This week, our 3 Things are:

This week, our 3 Things are:

1.   Second-half [2024] themes. Moving on from inflation.

2.   Earnings season. Pepsi, Delta, and ConAgra report—and reality bites.

3.   Goldilocks challenged. Two charts we came across don’t fit the narrative.