Major US bank CEOs were testifying before Congress this week and are stating their biggest concerns. They are concerned with the student loan crisis, as well as the leveraged-loan market. The leveraged-loan market is now larger than the $1.2 trillion junk bond market and a lot of it takes place in the shadow banking system. Regardless if this is the first domino to drop, it will be a major force to deal with when it does fall.
Another day and another headline about U.S./China trade talks and the markets rally. Buy the rumor, sell the news? In other news, the consumer may just NOT be that strong after all. There’s some troubling signs in the auto market. Is this a harbinger of things to come? We discuss…
