Corporate bankruptcies and defaults accelerating, unemployment continues to rise, and spreads blow out. The 442,000 jobs added in Q2 will likely be revised NEGATIVE in February 2025
Corporate bankruptcies and defaults accelerating, unemployment continues to rise, and spreads blow out. Especially, after Powell said “we’ve avoided recession” and S&P Global is expecting the speculative-grade default rate to fall to 3.5% by September 2025. Moody’s pointed out… https://t.co/9tn3htvQQI …