In this week's episode, KBRA Chief Strategist Van Hesser discusses:

1. Small business. This all-important economic engine is sputtering. We’ll explore.
2. Earnings durability. Estimates remain at a cyclical peak. Does that make sense?
3. Places to hide. Some sectors are built better for this kind of environment. We’ll name names.

In this week's episode, KBRA Chief Strategist Van Hesser discusses:

1. Geopolitical shocks and credit. At what point do geopolitical events impact markets?
2. China. Can it play a positive role in the Russia-Ukraine conflict?
3. Russia facing another possible default. What’s the risk of contagion?

In this week's episode, KBRA Chief Strategist Van Hesser discusses:

1. Russia. While Russia and Ukraine represent less than 2% of the global economy, Russia’s invasion will play a key role in an emerging new world order.
2. Normalization and the risks to credit. We’ve written an extensive piece about what that means. We’ll give you the highlights.
3. Falling cyclicals. That doesn’t square up with macro views of economic growth prospects. We’ll explore.

In this week's episode, KBRA Chief Strategist Van Hesser discusses:

1. Equity volatility. It does bleed into credit spreads. Keep an eye on it.
2. A bank examiner’s view of credit risk. It doesn’t quite square up with what we hear from the banks.
3. Supply chains. Here’s an easy way to mark their progress in opening up.

In this week's episode, KBRA Chief Strategist Van Hesser discusses:

1. Inflation fears. It’s become a national obsession. Our thoughts on what it means for credit markets.
2. Consumer debt jumps higher. A sign of confidence or stress? We’ll explore.
3. Recession risk. One respected reading suggests there is a 50% likelihood for a recession within the next 12 months. We’ll clue you in.

In this week's episode, KBRA Chief Strategist Van Hesser discusses:

1. Slowing growth. Q4’s extraordinary GDP print feels like ancient history. Best to prepare for what’s ahead.
2. The ISM manufacturing index. This indicator has proven to be a useful guide to where credit spreads are headed.
3. Larry Fink’s annual letter to CEOs. Here’s what his 2022 message means for creditors.

In this week's episode, KBRA Chief Strategist Van Hesser discusses:

In this week's episode, KBRA Chief Strategist Van Hesser discusses:

In this week's episode, KBRA Chief Strategist Van Hesser discusses:

In this week's episode, KBRA Chief Strategist Van Hesser discusses:

1. Risks. There is no shortage of things on this list, but we’ll highlight the ones that we are paying close attention to.
2. The jobs report. Our focal point remains more on growth in the labor force and less on the unemployment rate.
3. Supply chains are broken and driving the inflation narrative, right? The latest data shows the predictable correction is happening.