Asleep At The Wheel: “Clients Are Asking If Our Models Are Updating Properly”

Asleep At The Wheel: “Clients Are Asking If Our Models Are Updating Properly”

So one of the most eerie things to note about credit markets of late is the tight trading range. As I highlighted on Saturday, the fact that credit hasn't responded (i.e. spreads haven't meaningfully compressed further) as stocks rally suggests that the cycle may be starting to turn and as we've seen, credit anticipates bad sh*t (to put it colloquially) before equities: (Morgan Stanley) So those charts show you how credit spreads began to blow out ahead of sharp declines in stocks. Here's
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.