This week, our 3 Things are:
1. Retail. How do you square retail sales with Walmart and Target earnings releases?
2. Inflation expectations. We came across a new measure that shows quite divergent views across the world.
3. What’s ahead? Markets corrected at a furious pace—now what?

This week, our 3 Things are:
1. The correction. Markets have reset—now what?
2. The Fed’s Financial Stability Report is out. It’s really not so bad.
3. The fall in cryptocurrencies. Here’s how it affects credit.

This week, our 3 Things are:
1. Bonds are back. It’s been painful, but entry points make sense again.
2. Labor markets in focus. There’s more here than just a low unemployment rate.
3. Fed tightening cycles. Our research shows a different narrative.

This week, our 3 Things are:

1. Freight movements. Those fixated on sticky high inflation should pay attention.
2. Housing markets. There are many sides to this all-important economic sector.
3. Margin update. How successful have companies been in passing along higher costs?

In this week's episode:

1. Our KBRA Altman default forecast. We’ll dig into the model’s outcome.
2. A potential energy spike. The single biggest risk we see to credit markets.
3. JPMorgan Chase’s loan loss reserve build. Should we worry?

In this week's episode:

1. Security. A new world order demands it, and it touches several sectors in credit markets.
2. Sinking surveys. Watch what they do, not what they say is being tested.
3. Corporate pricing power. Watch out for consumers voting with their feet.

In this week's episode:

1. Recession risk. It’s rising. We lay out a timetable.
2. Homebuilder blues. How is this possible amid a chronic house shortage?
3. Jamie Dimon’s letter. There’s always a lot to unpack.

In this week's episode:

1. Earnings are normalizing. That means weakening. We’ll explore what that means for credit.
2. Moving to late cycle. So why are spreads tightening?
3. Yield curve inversion. Does it really matter?

In this week's episode:

1. Extreme volatility. We cannot rule out contagion just yet.
2. New issue supply. Against a rash of unfavorable forces impacting corporate credit performance in 2022, this could be a bright spot.
3. Fed confusion. We’re not sure the messaging squares up with what we’re seeing.

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.