This week, our 3 Things are:

1.    Tight spreads. There’s a lot underpinning this view.

2.    Beige blues. There’s a turn in the Fed’s colorful book.

3.    Consumer leverage. There’s an interesting look across income groups.

This week, our 3 Things are:

1.   Rates volatility. What in the world is going on?

2.   Consumer dry powder. Apparently, it’s much stronger than previously forecast.

3.   Energy price relief. Markets have settled down, for now.

This week, our 3 Things are:

1.   The AT1 market. It’s back!

2.   Carried away. The sentiment shifts of late have been breathtaking. Here’s what you need to know.

3.   Retailer earnings. We’ll let you in on what we’re seeing about what they’re seeing.

This week, our 3 Things are:

1.   Narrative shift. When bad news is bad news.

2.   Senior Loan Officer Survey. Is it still important?

3.   The Sahm Rule. It’s back on the radar. 

This week, our 3 Things are:

1.   Middle East and oil. We’ll provide some useful context.

2.   Regional banks. Jay Powell says the business model is under pressure. We’ll have a look.

3.   Small caps. They are really important to credit. We’ll tell you why.

This week, our 3 Things are:

1.   Earnings optimism. Is it misplaced?

2.   The Fed’s Financial Stability Report. We’ll have a look at what the central bank is warning us about.

3.   Default outlook. We’ll talk to our own Eric Rosenthal for the latest. 

This week, our 3 Things are:

This week, our 3 Things are:

1.   Q3 earnings. They should be fine overall, but we’re not out of the woods yet.

2.   Fed change. A decidedly dovish narrative is emerging.

3.   Pemberton’s view. We sat down with the Managing Partner of one of Europe’s largest private credit managers. You’ll want to listen in. 

This week, our 3 Things are:

This week, our 3 Things are: 1. Fed’s forecast. There’s a lot to unpack there. 2. Trouble down below. Underneath large caps and liquid bonds there are issues. 3. CEO confidence. This correlates well with economic growth. We’ve got an updated view courtesy of the Business Roundtable.