But look how the bonds got manipulated up 24% in one minute at the close.
Something’s not right: Banks are heavily exposed to record business debt as credit quality deteriorates.
Apple plunges. FANGMAN stocks down 10.4% for the week, down $1.12 trillion from peak.
Instead of “bubble” or “collapse,” it uses “valuation pressures” and “broad adjustment in prices.” Business debt, not consumer debt, is the bogeyman this time.
Shedding light on Powell’s “just below neutral” and the hullabaloo about the Fed suddenly turning “dovish.”
They sound conservative in marketing materials, but they pack special risks & surprises in a downturn that can entail a catastrophic loss for investors.
Will record business debt trigger a financial crisis? And what will it do to stocks?
Bloodletting beneath the surface. Big names too. Here they are.
It gets serious. Margin calls?
It gets costly when the entire market depends on a handful of over-hyped mega-caps.