Forced selling in the once red-hot $1.3-trillion “leveraged loan” market.
Nasdaq down 24% already. Renaissance IPO ETF down 31%. But Uber and other unicorns plan record IPOs in 2019, à la dotcom-crash-debut in 2000.
The Fed has warned about them, and investors fear a run-on-the-fund.
The vengeance of share buybacks: buyback queen Apple plunges.
The price of rising interest rates.
Mayor Rahm Emanuel forgot to mention the biggie: Much More Debt.
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.
So what’s going on here?
Part of a global trend, as exasperated consumers are squealing, but no country has threatened to do what Mexico proposed.