Small companies employ almost 50% of all US employees
Any significant impact on these businesses would have severe consequences for employment
From 2024 onwards, a lot of these companies will start to have refinancing requirements as their outstanding debt comes due
The big… pic.twitter.com/ikidGowail
— Game of Trades (@GameofTrades_) October 18, 2023
Other announcements in the last few months:
– Washington Post 10%
– Fortnite 16%
– Barstool Sports 25%
– Farmers Insurance 11%
– Juul 30%
– Coindesk 16%
– Roku 10%
– Ally Financial 5%
– Airtable 27%
– Author Malcom Gladwell’s company 30%— Genevieve Roch-Decter, CFA (@GRDecter) October 18, 2023
Utilities.
The time nears to finally catch the falling knife in Treasuries.
I pegged the latter half of October as high risk.
Everything path-wise is lining up perfectly.
Credit spreads are widening.
No one believes the phoenix can rise ever again.
The flight-to-safety.
— Michael A. Gayed, CFA (@leadlagreport) October 18, 2023