High-yield CDX…whoa! pic.twitter.com/6GlKLWlI6s
— Randy Woodward (@TheBondFreak) June 13, 2022
Consumers are coming out of lockdowns and want to do things.
However, with 8.6% inflation, even basic necessities are becoming unaffordable.
Now, consumers are turning to credit card debt which soared 20% last month alone.
Will this be the credit card debt version of 2008?
— The Kobeissi Letter (@KobeissiLetter) June 13, 2022
1.7 million ppl just became homeless pic.twitter.com/QlZM6tAtcU
— Maya Zehavi – in Austin looking for the weird (@mayazi) June 13, 2022
STOCK MARKET DRAWDOWNS
(52-wk peak-to-present)🇷🇺: -34%
🇭🇰: -28%
🇰🇷: -24%
🇮🇹: -22%
🇺🇸: -22%
🇧🇷: -22%
🇸🇪: -21%
🇪🇺: -21%
🇫🇷: -18%
🇩🇪: -18%
🇨🇭: -16%
🇲🇽: -16%
🇮🇳: -15%
🇨🇳: -13%
🇯🇵: -12%
🇪🇸: -12%
🇬🇷: -11%
🇨🇦: -11%
🇸🇬: -9%
🇦🇺: -9%
🇹🇷: -6%
🇬🇧: -6%
🇮🇩: -5%— Hedgeye (@Hedgeye) June 13, 2022