Federal Reserve Credit cards transitions to serious delinquencies for the 18 – 29 group. % balance, 4Q moving sum
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2/10 treasury curve steepening makes US fixed income attractive to foreign buyers
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Stocks / Bonds usually have inverse correlation, but didn’t for a number of years
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US IG vs High Yield Spread, multi year tight
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US CLO spreads BB-AAA. BB-CCC
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Data centers and power for data centers will experience continued demand from hyperscalers such as Microsoft, Google, Meta, and Oracle
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Semi fab facilities will need to scale up also