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)๐ท๐บ: -34%
๐ญ๐ฐ: -28%
๐ฐ๐ท: -24%
๐ฎ๐น: -22%
๐บ๐ธ: -22%
๐ง๐ท: -22%
๐ธ๐ช: -21%
๐ช๐บ: -21%
๐ซ๐ท: -18%
๐ฉ๐ช: -18%
๐จ๐ญ: -16%
๐ฒ๐ฝ: -16%
๐ฎ๐ณ: -15%
๐จ๐ณ: -13%
๐ฏ๐ต: -12%
๐ช๐ธ: -12%
๐ฌ๐ท: -11%
๐จ๐ฆ: -11%
๐ธ๐ฌ: -9%
๐ฆ๐บ: -9%
๐น๐ท: -6%
๐ฌ๐ง: -6%
๐ฎ๐ฉ: -5%— Hedgeye (@Hedgeye) June 13, 2022