I just wanted to take a moment to provide some important economic metrics given the truly unique environment the nation finds itself in right now.
I will provide an overview of:
- Sharp rebound in retail sales
- Projected national deficit
- Economic growth projections for Q2
- Corporate debt
- Market valuations
Continue reading “A Quick Review of Fundamentals”
Here’s a good chart showing corporate leverage and its correlation to cyclical peaks. This is one reason I’ve been avoiding corporate bonds in favor of Treasury bonds the last few years.
I don’t think the next crisis will begin with mortgage defaults this time around but with a wave of corporate defaults.
Continue reading “One Reason I’m Avoiding Corporate Bonds”