This week, our 3 Things are: 1. End of the hiking cycle. What typically happens? 2. Oil spike. We’ll explore its outsized impact on sentiment. 3. Bank risk. Just how much is there?

This week, our 3 Things are: 1. Tightening financial conditions. It’s been slow in coming, but it’s here. 2. Investment-grade credit spreads. They’ve held in because they should. 3. Consumer sentiment. How useful is it in determining consumer spend?

This week, our 3 Things are: 1. Higher for longer. Back to normal. Do you remember normal? 2. Apollo on secular change in credit markets. It makes a lot of sense. 3. NAIC’s (E) Committee memo. A step in the right direction, but you need to stay on top of this story.

This week, our 3 Things are: 1. Consumer spending. Brookings has a provocative perspective. 2. Airline reality. Watch margins as demand normalizes and costs remain elevated. 3. Pricing power. The pendulum is beginning to swing back.

This week, our 3 Things are: 1. The biggest risks to credit. 2. Banks + Fed. A rare, one-two tightening force. 3. KBRA DLD default forecast. Eric Rosenthal joins to elaborate.

This week, our 3 Things are: 1. The rise in stocks. Is it threatening credit spreads? 2. The New York Times says credit markets are creaking. We’ll have a look. 3. Economic divergence. Beware of focusing only on the aggregate.

This week, our 3 Things are: 1. Recession risk. From the Trade’s perspective. 2. Tightening the box. It’s tougher to get a consumer loan. 3. Capital One’s color on the consumer. Always insightful.

This week, our 3 Things are: 1. That CPI report. Just how shocking was it? 2. Jobs market. Disinflation and low joblessness? 3. Revenge spend. Is it fading?

This week, our 3 Things are: 1. Distressed credit diverges from spreads. Does that make sense? 2. Consumer sentiment bounces. Perspective is important. 3. Corporate earnings growth. It is important to understand what has been driving it.