Vanguard Sees Recession Risk; Dish Blowup Rattles Junk

Vanguard Sees Recession Risk; Dish Blowup Rat...

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Davidson Kempner Sees a $770 Billion Stressed Debt Opportunity

US companies with $770 billion in loans are hitting a wall as interest rates stay elevated, according to Davidson Kempner. “We’re in year three of what’s already the longest default cycle in 20 years,” Suzy Gibbons, the hedge fund’s head of research, tells Bloomberg News’ James C ...  Show more

BDC Bond Bust Creates Opportunity for $622 Billion Asset Manager MFS

A retail exodus from business-development companies has dragged their debt to levels that are starting to look attractive, according to MFS Investment Management. “Pressure for redemptions that they’re facing likely ends up creating some opportunities within the public credit mar ...  Show more

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Vanguard's Hard Pass on a `Soft Landing'
What Goes Up

A rallying stock market and better-than-expected second-quarter economic growth are just the latest developments pointing Wall Street skeptics to the possibility of a US “soft landing.” That’s where the Federal Reserve gets inflation back down to around 2% without triggering a do ...  Show more

Euro Weakness vs. Dollar Strength with Rosenberg
Bloomberg Surveillance

Jeff Rosenberg, BlackRock Chief Fixed Income Strategist, says his EM view has changed quite a bit in the past few months.Stefan Selig, BridgePark Advisors Managing Partner & Former Under-Secretary of Commerce for International Trade, says it makes no sense to think of our trade d ...  Show more

Surveillance: Risk That Fed Could Go Faster, Kiesel Says
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PIMCO's Mark Kiesel says the main risk to the U.S. is a pickup in inflation. Prior to that, Jason Trennert, Strategas Research Partners' chairman, says the Fed is content to let inflation run a little hot. Stewart Warther, BNP Paribas' derivatives strategist, says there is less i ...  Show more

Buyer Beware: Are Markets Set Up for a Pullback?
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DB-Apr8,2021: Peter Boockvar, CIO of Bleakley Advisory Group and editor of The Boock Report, joins Real Vision managing editor Ed Harrison to share his insights on the inflationary pressures and drawdown risks he’s observing. Boockvar discusses his take on why weekly jobless clai ...  Show more