The coronavirus may be the disastrous surprise that overwhelms public health officials and slams the markets, the firm's Lonski admonishes.
Prophetic on Lehman in ’08, hedge fund operator claims rating agencies go too easy on debt-laden companies.
Bank lending to heavily indebted companies will blow up once the economy goes south, Brian Moynihan warns.
Baa–rated issues reach record, although defaults at this stage are not worrisome, Moody’s data indicates.
A wide gap between high-yield and 10-year Treasury signals a pending recession, says Natixis’ Lavorgna.
The firm points to stock rally and lower junk yields as key to New Year market sentiment.